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geniusboy [140]
4 years ago
15

david has $17000 to invest. He invests $12000 in a mutual fund that pays 12% annual simple interest. if he wants to make at leas

t $2200 in a yearly interest, at what minimum rate does the remainder of the money need to be invested
Mathematics
1 answer:
Radda [10]4 years ago
4 0
The rate is 15.2% let me know if you need the work
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Could any one explain this problem?
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4 years ago
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Step-by-step explanation:

I HOPE THIS HELPS

STAY SAFE!!!

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