Post a New Question

pre calc

posted by .

Carson wants to invest $100,000 in two ways. He wants to purchase a certificate of deposit that pays 11% per year and invest the rest in coorporate bonds that pay 15% per year. He is looking for a total return of 12%. How much money should Carson place into each investment property?

  • pre calc -

    treat just like any mixture problem. Add up the returns.

    If x is in the CD, then 100000-x is in bonds.

    .11x + .15(100000-x) = .12(100000)
    x = 75,000

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question