SOLUTION: Beth has saved $4500. She would like to earn $250 per year by investing her money. She received advice about two different investments: a low-risk investment that pays a 5% annual
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Question 1127783: Beth has saved $4500. She would like to earn $250 per year by investing her money. She received advice about two different investments: a low-risk investment that pays a 5% annual interest and a high-risk investment that pays a 9% annual interest.
How much should Beth invest in each type of investment if she wishes to earn $325 per year?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
(1)
-----------------------------
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(2)
Plug (1) into (2)
(2)
(2)
(2)
and
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$3,875 in 5% investment
$625 in 9% investment
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You can finish
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