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joja [24]
3 years ago
11

An amount of $15,000 is invested in a fund that has a return of

Mathematics
1 answer:
IrinaVladis [17]3 years ago
6 0

Answer:

$12000 should be invested in a fund with a 4% return.

Step-by-step explanation:

Consider the provided information.

An amount of $15,000 is invested in a fund that has a return of  6%.

We need to calculate how much money is invested in a fund with a 4% return if the  total return on both investments is $1380.

Let $x should be invested in a fund with a 4% return.

The above information can be written as:

1380=15000\times 6\%+x\times 4\%

1380=15000\times \frac{6}{100}+x\times \frac{4}{100}

1380=150\times6+x\times 0.04

1380-900=0.04x\\480=0.04x\\x=12000

Hence, $12000 should be invested in a fund with a 4% return.

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