Mathematics, 27.01.2020 19:31 raquelwilliams5795

Cheryl has $6,000 to invest in two different accounts. she will invest in a mutual fund that pays 8% interest and a cd that pays 2%. she wants to earn a total of $200 in interest after 1 year. how much should she invest in the mutual fund?

a.) $2,667
b.) $1,333
c.) $4,522
c.) $999

Answers: 3

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Cheryl has $6,000 to invest in two different accounts. she will invest in a mutual fund that pays 8%...

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Cheryl has $6,000 to invest in two different accounts. she will invest in a mutual fund that pays 8% interest and a cd that pays 2%. she wants to earn a total of $200 in interest after 1 year. how much should she invest in the mutual fund? a.) $2,667 b.) $1,333 c.) $4,522 c.) $999

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Another question on Mathematics

Cheryl has $6,000 to invest in two different accounts. she will invest in a mutual fund that pays 8% interest and a cd that pays 2%. she wants to earn a total of $200 in interest after 1 year. how much should she invest in the mutual fund?

a.) $2,667
b.) $1,333
c.) $4,522
c.) $999