SOLUTION: george has $50000 inheritance that he wants to split between two investments. One will yield 11% and the other will yield 4%. How much should he invest in each so that he earns $21
Algebra.Com
Question 1124289: george has $50000 inheritance that he wants to split between two investments. One will yield 11% and the other will yield 4%. How much should he invest in each so that he earns $2140 after one year?
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
\ =\ 2140)
Solve for 
then calculate 
John
My calculator said it, I believe it, that settles it
RELATED QUESTIONS
David split his $25,000.00 inheritance between Fidelity Short-Term Bond with an annual... (answered by checkley71)
Investment question - Please help with the formula, I can probably calculate myself from... (answered by scott8148,Ganesha)
David split his $25,000 inheritance
between Fidelity Short-Term Bond Fund with an annual
(answered by stanbon)
#1 How much water must be boiled away to increase the concetration of 300 gallons of a... (answered by josgarithmetic)
I can not figure out what formula to use. I have the answer in the back of the book but... (answered by fractalier)
1. George has $700 to invest. Suppose he invests $300 at 6% interest. At what rate must... (answered by VFBundy,MathTherapy)
Hello.
Inheriting money: Paul split an inheritance between two investments, one paying (answered by stanbon)
High-risk funds. One of the 50000 that Natasha pocketed on her last real estate deal,... (answered by jorel1380)
My group and I tried to work on this one and ended up with A(t)= -1.5t^2 + 900t + 0 but I (answered by Alan3354)