SOLUTION: Last year Elisabeth invested a quarter of her money in a credit union paying 3% interest, two thirds of her money in mutual fund paying 3.5% and rest of her money in a GIC paying 2
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Question 888431: Last year Elisabeth invested a quarter of her money in a credit union paying 3% interest, two thirds of her money in mutual fund paying 3.5% and rest of her money in a GIC paying 2.5% interest. IF her annual investment income was $653.33 last year how much did she invest.
I am getting 30,744.9 0.09+0.14+0.025=7839.96 the LCD was 12 and multiplied 653.33 x 12. the divided 7839.96/0.255= 30,744.9 is my answer correct. Answer by richwmiller(17219) (Show Source):
