natlovesfood
natlovesfood
22.01.2022 • 
Mathematics

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%

Solved
Show answers

Ask an AI advisor a question