Question

You have $32,000 that you invested in two mutual funds last year. The first fund, the International Fund, paid the equivalent of 6% simple interest. The second fund, the Real Estate fund, paid 4.5% simple interest. If the total earned in that year was $1755, how much did you invest in each account. Find the solution using only one variable as we did in the examples this week. Be sure you assign your variables (2 points!), show your work for how you determined how much was in each fund, and in your sentence specify how much each fund received.

Answer 1

oncerpo te Total innested ammnt 32000 wt the amamt invesfed in Inteonaliomal fund be Sirmpl Insest amant Dnesked Rat ni Rat 6 Inkerest in их6X1 Inkanalional tund T00 According to the guestien Inteanation al fund t Real esha hmd toad fend 32000 3 2000 2 t Realstae fynd Real estati fesnd Rate 4. Naw S1enple inkrest) of Read es fund= 3200o -X4 Too According to tha etin total Si S.I f Real Csta te t Lahmahiomal fend ST f mes ti ts gien 12522000- $1755 14, 000-4.5ut6n LOO 175500-119 000= Su

plonerpapar.co Page Date Tested Tategnatiorad fund amad21o0o Real estat fend amomt 32 000 21 000 $11,000