Question
A person has $ to invest. Part of the money is to be placed in a certificate of deposit paying %, per year. The rest is to be placed in corporate bonds paying %, per year. If he wishes to obtain an overall return of % per year, how much should be placed in each investment?
Answers
If there are $z invested, with $x at a% and the rest at b%, and the final result is c%, then
ax + b(z-x) = cz
Now you really should supply some numbers. Just sayin'
ax + b(z-x) = cz
Now you really should supply some numbers. Just sayin'
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