Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A person with a capital of $ 150000 has spent all of his money in foreign currency and gold investment. At the end of the

A person with a capital of $ 150000 has spent all of his money in foreign currency and gold investment. At the end of the year, foreign currency earned 23% and gold generated 32%. Since the person in question earned $ 39900 as of the end of the year, find the amount of money invested in foreign currency and gold.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quantum Economics And Finance

Authors: David Orrell

3rd Edition

1916081630, 978-1916081635

More Books

Students also viewed these Finance questions

Question

2. Develop a persuasive topic and thesis

Answered: 1 week ago

Question

1. Define the goals of persuasive speaking

Answered: 1 week ago