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04-11-2022
Mathematics

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2. You sell an old trailer so that you can get some extra and you deposit the $4,800 into
your account. This is a decent amount of money and without any debt, you decide to
To invest the money. You find two invest opportunities with a credit fund at 4% and a wode
growth fund at 8%. Let x and y represent the funds invested in each respectively.
a. (FIVE POINTS) Find the equation for the total interest earned.
b. (TEN POINTS) How much money should be invested in each to make $250 this year?
(TEN POINTS) What if you now need $400 for damage to your car? Can you earn
that with this investment? How much money should you invest in each?

Answer :

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