Asked by Danny

You plan to invest $12,000 in two funds paying 41/2% and 5% simple interest. (There is more risk in the 5% fund.) Your goal is to obtain a total annual interest income of $580 from the investment. What is the smallest amount you can invest in the 5% fund and still meet your objective?
Answered by Paije Shouse
I dont know how to do it
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