View the step-by-step solution to:

daniel invested a total of 60,000 in tow funds A and B. He earned 6% on his investment in fund a and 8% in his investment in fund B.

daniel invested a total of 60,000 in tow funds A and B. He earned 6% on his investment in fund a and 8% in his investment in fund B. if he earned 3,800 for the year how much did he invest in each fund? I know the break down but the last part do you half the 6% to 3%?

Top Answer

Investment in fund A =... View the full answer

Sign up to view the full answer

Other Answers

Thus money invested in fund A... View the full answer

The amount invested  at 6% rate... View the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

-

Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question
Ask a homework question - tutors are online