Mr. Smith wants to invest part of his lottery winnings in a safe fund that earns $$ 2.5 \% $$ annual interest and the rest in a risky fund that expects to yield $$ 10 \% $$ annual it The amount of money invested in the safe fund, $$ x $$, is to be exactly twice the amount invested in the risky fund, $$ y $$. Use the system of equations to determine the a to be invested in each fund if a total of $$ \$ 450 $$ is to be eamed at the end of one year. $$ \left\{\begin{array}{rr}x & =2 y \ 0.025 x+0.1 y & =450\end{array} ight. $$

Question

Mr. Smith wants to invest part of his lottery winnings in a safe fund that earns $$ 2.5 \% $$ annual interest and the rest in a risky fund that expects to yield $$ 10 \% $$ annual it The amount of money invested in the safe fund, $$ x $$, is to be exactly twice the amount invested in the risky fund, $$ y $$. Use the system of equations to determine the a to be invested in each fund if a total of $$ \$ 450 $$ is to be eamed at the end of one year. $$ \left\{\begin{array}{rr}x & =2 y \ 0.025 x+0.1 y & =450\end{array}ight. $$

Barber Munoz · Accepted Answer

The amount to be invested in the safe fund is $6000 and the risky fund is $3000.

Upstudy ThothAI Solution

Quick Answer

Step-by-step Solution

Upstudy ThothAI Solution

Quick Answer

Step-by-step Solution

Related Questions