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Posted: February 6th, 2022
A man has $ 10,000 to invest. He invests $ 4000 at 5 % and $ 3500 at 4 %, math homework help
Question description
A man has $ 10,000 to invest. He invests $ 4000 at 5 % and $ 3500 at 4 %. In order to have a yearly income of $ 500, he must invest the remainder at:
(a) 6 % (b) 6.1 %, (c) 6.2 %, (d) 6.3 %, (e) 6.4 %
Explain all steps how to get answer. Please bid if you can do.
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