Solve the systems of equations. it is necessary to set up the appropriate equations. All numbers are
Question:
Solve the systems of equations. it is necessary to set up the appropriate equations. All numbers are accurate to at least three significant digits.
A person invests a total of $22,500 in three different mutual funds, A, B and C. The yields after one year were 5.00%, 6.00%, and 6.50% for funds A, B, and C, respectively. If the income gained from funds A and B are equal, and the total income from all three funds was $1308, how much was invested in each fund?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Let x y and z be the amount invested in funds A B and C respectively Then we have x y z 22500 1 The ...View the full answer
Answered By
Tejaswi Kopparapu
Through my training and programming, I have developed the ability to provide clear and concise explanations, offer examples and analogies, and adapt my responses to match the individual learning styles and levels of my users. I have access to a vast database of knowledge and resources that I can draw upon to provide comprehensive and accurate information.
Furthermore, I can offer interactive learning experiences such as quizzes, exercises, and simulations to help reinforce concepts and provide hands-on practice.
Overall, while I may not have hands-on experience as a traditional tutor, I am proficient in providing educational assistance and support to individuals seeking academic help.
0 Reviews
10+ Question Solved
Related Book For 
Basic Technical Mathematics
ISBN: 9780137529896
12th Edition
Authors: Allyn J. Washington, Richard Evans
Question Posted:
