Question

Question 3 Nickie has $90,000 to invest in two mutual funds. One fund is low-risk, and has an annual yield of 10%. The second fund is medium-risk and has a 15% annual yield. How much should she invest in each fund if she would like to earn $10,000 per year from her investments?

          Question 3
Nickie has $90,000 to invest in two mutual funds. One fund is low-risk, and has an annual yield of 10%.
The second fund is medium-risk and has a 15% annual yield. How much should she invest in each fund if
she would like to earn $10,000 per year from her investments?

Question 3
Nickie has 90,000 to invest in two mutual funds. One fund is low-risk, and has an annual yield of 10%.
The second fund is medium-risk and has a 15% annual yield. How much should she invest in each fund if
she would like to earn10,000 per year from her investments?

Added by Angela D.

Elementary and Intermediate Algebra

Alan S. Tussy, R. David Gustafson 5th Edition

Instant Answer

Solved by Expert Derrick Danso

02/04/2022

Step 1

Step 1: Let $x$ be the amount invested in the low-risk fund and $y$ be the amount invested in the medium-risk fund. Show more…

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Question 3 Nickie has $90,000 to invest in two mutual funds. One fund is low-risk, and has an annual yield of 10%. The second fund is medium-risk and has a 15% annual yield. How much should she invest in each fund if she would like to earn $10,000 per year from her investments? (3)