Question
3.You invested $10,000 a year ago.You put $3,000 in a mutual fund that lost 6% last year.You also put $2,000 in Bonds that paid 8%.The
3.You invested $10,000 a year ago.You put $3,000 in a mutual fund that lost 6% last year.You also put $2,000 in Bonds that paid 8%.The rest you put into a GIC.If, today, you earned an average of 2.5%, what rate of interest did the GIC earn?
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Linear Algebra and Its Applications
Authors: Gilbert Strang
4th edition
30105678, 30105676, 978-0030105678
