document.write( "Question 1028742: Mr. Cantoni invested 50,000.00. A part of it is invested in a bank at 2% yearly interest and another part of it in a mutual fund at a 5% yearly interest. How much investment was made in the mutual fund if his yearly income from the two is 2,800.00? \n" ); document.write( "
Algebra.Com's Answer #853881 by ikleyn(53742) You can put this solution on YOUR website! . \n" ); document.write( "Mr. Cantoni invested 50,000.00. A part of it is invested in a bank at 2% yearly interest and another part of it \n" ); document.write( "in a mutual fund at a 5% yearly interest. How much investment was made in the mutual fund if his yearly income \n" ); document.write( "from the two is 2,800.00? \n" ); document.write( "~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The problem has no adequate solution, since it is self-contradictory and describes a situation \n" ); document.write( "which can not happen in reality.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Indeed, the claimed income of 2,800.00 is greater that 5% of the total sum of 50,000.00.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "So, even if the whole amount of 50,000.00 is invested at 5%, it can not generate 2,800.00.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "@mananth in his post solved the problem using his computer code, but obtained one deposit NEGATIVE, \n" ); document.write( "which is not possible in real life. \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "He did not notice this absurdism and presented negative investment as the solution \n" ); document.write( "to the problem.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "This once again shows how dangerous it is to trust the solutions by @mananth. \n" ); document.write( "He even does not read the solutions produced by his computer code and does not check them.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |