Juan had $21600 and chose to split the money into two different mutual funds. During...
60.2K
Verified Solution
Link Copied!
Question
Basic Math
Juan had $21600 and chose to split the money into two different mutual funds. During the first year, Fund A earned 8% interest and Fund B earned 6% interest. If he received a total of $1504 in interest, how much had he invested into each account?Juan invested $ into Fund A.Juan invested $ into Fund B.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!