Question 545751
Fund A	3.00%		per annum	---x					
Fund B	3.40%		per annum	---y					
									
x		+	y=	12000	------------------------1				
3.00%	x	+	3.40%	y=	=	$378.00			
Multiply by 		100							
3	x	+	3.4	y=	=	$37,800.00		--------2	
									
Multiply (1) by			-3						
we get									
									
-3	x	-3	y=	=		-36000.00			
									
Add this to (2)									
									
0	x	0.4	y=	=		$1,800.00			
									
divide by		0.4							
									
y	=		$4,500.00 investment at 	3.40%
Balance			$7,500.00investment at 	3.00%
CHECK									
$7,500.00	---------	3.00%	-------	$225.00					
$4,500.00	-------	3.40%	-------	$153.00					
Total			--------------	$378.00	

m.ananth@hotmail.ca