Mathematics, 22.01.2022 14:00 haileyw123
You inherited 10000 with the stipulation that for the first year the money must be invested in two stocks paying 6% and 11% annual interest, respectively. How much should be invested at each rate if the total interest earned for the years is to be 700?
A) 7000 invested at 6% 3000 invested at 11%
B)9000 invested at 6% 1000 invested at 11%
C) 8000 invested at 6% 2000 invested at 11%
D) 2000 invested at 6% 8000 invested at 11%
Answers: 1
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You inherited 10000 with the stipulation that for the first year the money must be invested in two s...
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