SOLUTION: you invested $10000 total, split between two investments. one of the funds rose 6% in one year, and the other rose 9% in one year. your investment rose a total of $684 in one year.
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Question 1150492: you invested $10000 total, split between two investments. one of the funds rose 6% in one year, and the other rose 9% in one year. your investment rose a total of $684 in one year. find the amount you invested in each fund Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website! Let = amount invested @ 6% = amount invested @ 9%
Let = gain from 6% investment = gain from 9% investment
------------------------------------------------
(1)
(2)
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(2)
(2)
Plug (1) into (2)
(2)
(2)
(2)
and
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$7,200 invested @ 6%
$2,800 invested @ 9%
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check:
(1)
(1)
(1)
and
(2)
(2)
(2)
(2)
Ok
