anonymous
  • anonymous
Can someone please help me : You wish to invest $90,000 in two accounts. You want a very aggressive investment strategy, so you intend to invest in an account with a rate of 11.8% and another with a rate of 22.3%. With this strategy, at the end of one year, you want to earn $16,668.00. How much should you invest in each account?
Mathematics
  • Stacey Warren - Expert brainly.com
Hey! We 've verified this expert answer for you, click below to unlock the details :)
SOLVED
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.
jamiebookeater
  • jamiebookeater
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
anonymous
  • anonymous
System of linear equations
anonymous
  • anonymous
Let money in one account be 'x' and money in other account be 'y' This gives you your first equation, x + y = 90000. This goes to: y = 90000 - x Let the interest rate of account where you invest 'x' be 11.8%. The return on this account will by 1.118x Let the interest rate of account where you invest 'y' be 22.3%. The return on this account will be 1.223y This gives you your second equation, 1.118x + 1.223y = 106668 Put y = 90000 -x in equation above. That will give you x= 32400, and hence y=57600
anonymous
  • anonymous
thank you!

Looking for something else?

Not the answer you are looking for? Search for more explanations.