SOLUTION: an investor has 5,000 for the first year he wants to earn a 6% profit. he will save part in a bank that pays 4% interest and invest the other part in a 8% bonds. how much must he i

Question 843108: an investor has 5,000 for the first year he wants to earn a 6% profit. he will save part in a bank that pays 4% interest and invest the other part in a 8% bonds. how much must he invest in each?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!

 

Hi,

he will save part in a bank that pays 4% interest and invest the other part in a 8% 

 .08x + .04(5000-x) = .06(5000) = 300

        .04x = 300-200

           x = 100/.04 = $2500, invest same amount at 4%  and 8%

  

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