document.write( "Question 901003: you have $50,000 to invest and two funds that you'd like to invest in the you risk it fund (fund y ) yield 14% interest the extra dull fund (fund x) yields 6% interest because of collage financial aid implication ,you don't think you can afford to earn more than $4,500 in interest income this year how much should you put in each fund ? \n" ); document.write( "
Algebra.Com's Answer #546464 by richwmiller(17219)![]() ![]() You can put this solution on YOUR website! x+y=50000, \n" ); document.write( "0.14*x+0.06*y=4500 \n" ); document.write( "x=50000-y \n" ); document.write( "0.14*(50000-y)+0.06*y=4500 \n" ); document.write( "7000-0.14y+0.06*y=4500 \n" ); document.write( "-0.08*y=-2500 \n" ); document.write( "y=31250 at 6% \n" ); document.write( "x=50000-y \n" ); document.write( "x=18750 at 14% \n" ); document.write( "check \n" ); document.write( "0.14*18750+0.06*31250=4500 \n" ); document.write( "2625+1875=4500 \n" ); document.write( "4500=4500 \n" ); document.write( "ok \n" ); document.write( " \n" ); document.write( " |