The price p in dollars and the quantity x sold of a certain product obey the demand equation -1/5x+100 (0≤ x ≤ 500)
2 answers:
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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:
Hence, $12000 should be invested in a fund with a 4% return.
