One safe investment pays 10% per year, and a more risky investment pays 14% per year.
a. How much must be invested in each account if an investor of $102,000 would like a return of $11,320 per year?
b. Why might the investor use two accounts rather than put all the money in the 14% investment?
a. $
is invested in the 10% account.

Question

04-12-2021
Mathematics

Answered

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One safe investment pays 10% per year, and a more risky investment pays 14% per year.
a. How much must be invested in each account if an investor of $102,000 would like a return of $11,320 per year?
b. Why might the investor use two accounts rather than put all the money in the 14% investment?
a. $
is invested in the 10% account.

Sagot :

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