Homework Help: math

Posted by gaurav on Friday, October 28, 2011 at 10:05pm.

1. You have $55000 to invest, and two funds you would like to invest in. The You-Risk-It Fund yields 13% interest. The Extra-Dull Fund yields 7% interest. Because of the college financial aid implications, you don’t think you can afford to earn more than $6500 in interest income this year. How should you put in each fund?

math - Henry, Sunday, October 30, 2011 at 2:22pm
See your 10-28-11 3:1pm post.

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