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Problem 4. A total of $60,000 is invested in three funds paying 5.2.pdf
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Problem 4. A total of $60,000 is invested in three funds paying 5.2.pdf

  1. Problem 4. A total of $60,000 is invested in three funds paying 5.2%, 4.1%, and 3.3% simple interest. The total yearly interest is $2,590. Twice as much money is invested at 6% as invested at 10%. How much is invested in each of the funds? Solution ok from question i get that let invest in 5.2% is x let invest in 4.1% is y let invest in 3.3% is 60000-x-y 2590 = x0.052 + 0.041y + 0.033(60000-x-y) ---1 second condition is little bit ununderstandable i think some words are missing just get secong condition and solve these two equation y will get valyes if x , y
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