SOLUTION: A bank invested $400,00 last year in mutual funds. The conservative fund earned 7% simple interest. The growth fund earned 15% simple interest. At the end of the year, the bank had
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Question 672351: A bank invested $400,00 last year in mutual funds. The conservative fund earned 7% simple interest. The growth fund earned 15% simple interest. At the end of the year, the bank had earned $35,000 from these mutual funds. How much did it invest in each fund? ( How do I set this up? ) Answer by drivard101(1) (Show Source):
