SOLUTION: Bill has $1500 to invst. a risky plan hopes to pay 12% and a safer plan expect to earn 8%. How much should he invest in each to earn $152?
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Question 741854: Bill has $1500 to invst. a risky plan hopes to pay 12% and a safer plan expect to earn 8%. How much should he invest in each to earn $152?
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
x+y=1500,
.12x+.08y=152
x=800., y=700.
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