Paul has $30,000 to invest. his intent is to earn 14% interest on his investment. he can invest part of his money at 6% interest and part at 16% interest. how much does paul need to invest in each option to make a total 14% return on his $30,000? 6% interest $ 16% interest $

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03-10-2022
Mathematics

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Paul has $30,000 to invest. his intent is to earn 14% interest on his investment. he can invest part of his money at 6% interest and part at 16% interest. how much does paul need to invest in each option to make a total 14% return on his $30,000? 6% interest $ 16% interest $

Sagot :

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