3747373796432
Smash Journeyman
- Joined
- Mar 9, 2008
- Messages
- 242
Couldn't find the old thread so I figured I'd make a new one. I guess I'll start off:
"Suppose you invested $5000 in three different mutual funds for one year. The funds paid simple interest of 8%, 10%, and 7% respectively. The total interest at the end of one year was $405. You invested $5000 more at 10% than at 8%. How much did you invest in each mutal fund?"
I'm feeling really stressed out right now so I don't feel like trying to wrap my mind around this. All I know is that it involves matrices and that it's just going to be checked for work not for correct answers, so this can be BSed, but I suck at doing that.
"Suppose you invested $5000 in three different mutual funds for one year. The funds paid simple interest of 8%, 10%, and 7% respectively. The total interest at the end of one year was $405. You invested $5000 more at 10% than at 8%. How much did you invest in each mutal fund?"
I'm feeling really stressed out right now so I don't feel like trying to wrap my mind around this. All I know is that it involves matrices and that it's just going to be checked for work not for correct answers, so this can be BSed, but I suck at doing that.
