Saturday, March 21, 2020

An investor invests $1,900 into two mutual funds.?

Valentine Michaud: Let x = amount invested in the 9% account. Then the amount invested in the 5% accout would be (1900 - x)..09x + .05(1900 - x) = 159.09x + 95 - .05x = 159.09x - .05x = 159 - 95.04x = 64x = 64/.04 = 1600$1600 was invested at 9% and the remaining $300 was invested at 5%....Show more

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