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book College Algebra in Context with Applications for the Managerial, Life, and Social Sciences 3rd Edition by Ronald J Harshbarger, Lisa Yocco cover

College Algebra in Context with Applications for the Managerial, Life, and Social Sciences 3rd Edition by Ronald J Harshbarger, Lisa Yocco

النسخة 3الرقم المعياري الدولي: 032157060X
book College Algebra in Context with Applications for the Managerial, Life, and Social Sciences 3rd Edition by Ronald J Harshbarger, Lisa Yocco cover

College Algebra in Context with Applications for the Managerial, Life, and Social Sciences 3rd Edition by Ronald J Harshbarger, Lisa Yocco

النسخة 3الرقم المعياري الدولي: 032157060X
تمرين 32
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الخطوة 1 من4

Consider that a retired couple has $420,000 to invest. They chose one relatively safe investment fund that has an annual yield of 6% and another riskier investment that has a 10% annual yield.

Let us find how much they should invest in each fund to earn $30,000 per year.

Denote the fund invested at 6% as x and the fund invested at 10% as y.

Then we have the equation

    <div class=answer> Consider that a retired couple has $420,000 to invest. They chose one relatively safe investment fund that has an annual yield of 6% and another riskier investment that has a 10% annual yield. Let us find how much they should invest in each fund to earn $30,000 per year. Denote the fund invested at 6% as <i>x</i> and the fund invested at 10% as <i>y</i>. Then we have the equation   ...... (1) ...... (1)


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College Algebra in Context with Applications for the Managerial, Life, and Social Sciences 3rd Edition by Ronald J Harshbarger, Lisa Yocco
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