Solve the systems of equations. it is necessary to set up the appropriate equations. All numbers are
Question:
Solve the systems of equations. it is necessary to set up the appropriate equations. All numbers are accurate to at least three significant digits.
A person invests a total of $22,500 in three different mutual funds, A, B and C. The yields after one year were 5.00%, 6.00%, and 6.50% for funds A, B, and C, respectively. If the income gained from funds A and B are equal, and the total income from all three funds was $1308, how much was invested in each fund?
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Let x y and z be the amount invested in funds A B and C respectively Then we have x y z 22500 1 The ...View the full answer
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Related Book For 
Basic Technical Mathematics
ISBN: 9780137529896
12th Edition
Authors: Allyn J. Washington, Richard Evans
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