Sheri has $15,200 to invest in mutual funds and in bonds. sheri has selected a mutual fund that earns 1% a year and a bond that earns 4% a year. if she wants to earn $548 at the end of the first year, how much does she need to invest into each type of account?

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07-11-2022
Mathematics

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Sheri has $15,200 to invest in mutual funds and in bonds. sheri has selected a mutual fund that earns 1% a year and a bond that earns 4% a year. if she wants to earn $548 at the end of the first year, how much does she need to invest into each type of account?

Sagot :

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Sheri has $15,200 to invest in mutual funds and in bonds. sheri has selected a mutual fund that earns 1% a year and a bond that earns 4% a year. if she wants to earn $548 at the end of the first year, how much does she need to invest into each type of account?

Sagot :

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