SOLUTION: You were left a small inheritance by your Grandma. Her will stipulates that you invest 1/4 of the money in stocks, 1/4 of the money in bonds, and 1/2 of the money in U.S. Treasury

Question 443906: You were left a small inheritance by your Grandma. Her will stipulates that you invest 1/4 of the money in stocks, 1/4 of the money in bonds, and 1/2 of the money in U.S. Treasury Bills. Stocks pay 4% interest annually, bonds pay 8% interest annually, and U.S. Treasury Bills pay 2% annually. If your total annual interest on the three investments is $4000, how much did you inherit?
Answer by rwm(914) (Show Source): You can put this solution on YOUR website!
Go gramma!
Four grand just interest is hefty amount.
.25x*.08+.25x*.04+.5x*.02=4000

RELATED QUESTIONS
You were left a small inheritance by your Grandmother. Her will stipulates that you... (answered by graphmatics)

You were left a small inheritance from your Grandmother. Her will Stipulates that you... (answered by josmiceli)

Suppose you received an unexpected inheritance of 34,200. You decide to invest by placing (answered by lwsshak3)

Maybe I have solved it will you see if I ave done it correctly? I need help. Investing... (answered by vleith)

suppose that you received an unexpected inheritance of $17600. you have decided to invest (answered by rfer)

Suppose that you received an unexpected inheritance of $36,000. You have decided to (answered by ikleyn,greenestamps)

Your grandma deposits $1000 in a savings account for you that pays 4% interest compounded (answered by scott8148)

You recently graduated and your job search brought you to Blues Airline. Since you felt... (answered by ikleyn)

A small company has $24,000 to invest. It invested some of the money in a bank that paid... (answered by Mathtut)