SOLUTION: Eduardo has $8500.00 to invest. He invests 75% of his money in Fund A and 25% in Fund B. Fund A earns 3.5% simple interest annually, while Fund B earns 4.2% simple interest annuall

Question 1170732: Eduardo has $8500.00 to invest. He invests 75% of his money in Fund A and 25% in Fund B. Fund A earns 3.5% simple interest annually, while Fund B earns 4.2% simple interest annually. After two years, how much money will Eduardo have?

Answer by ikleyn(52790) (Show Source): You can put this solution on YOUR website!
.


    After two years, Eduardo will have


        8500 + 0.75*0.035*8500*2 + 0.25*0.042*8500*2 = 9124.75 dollars.

Solved.

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You may use this online free of charge calculator www.desmos.com to copy/paste the entire formula into it
and compute the result in one click.

I use MS Excel in my computer for it.

Surely, I do not make this calculation by hands.

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