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 #853882 by josgarithmetic(39790) ![]() You can put this solution on YOUR website! \r\n" ); document.write( " RATE% QUANTITY INTEREST\r\n" ); document.write( "\r\n" ); document.write( "Bank 2 50000-Q 0.02(50000-Q)\r\n" ); document.write( "\r\n" ); document.write( "Mutual F. 5 Q 0.05Q\r\n" ); document.write( "\r\n" ); document.write( "TOTAL 50000 2800\r\n" ); document.write( "\r\n" ); document.write( " \n" ); document.write( "You can setup the equation and solve, but the results will not work! \n" ); document.write( " |