73.1k views
2 votes
A person plans to invest a total of $140,000 in a CD at 7% annual interest and in a mutual fund that has a three-year average annual interest of 10% by X and Y represent the money in dollars invested in the CD and the mutual fund respectively how much money should be invested in each account to earn a total of $12,200 in one year

User Periklis
by
6.3k points

1 Answer

3 votes
Sent a picture of the solution to the problem (s).
A person plans to invest a total of $140,000 in a CD at 7% annual interest and in-example-1
User Dushmantha
by
6.7k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.