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Mathematics, 24.11.2020 03:40, mprjug6
Pierre inherited S269,100 from his uncle and decided to invest the money. He put part of the
money in a money market account that earns 3.1% simple interest. The remaining money was
invested in a stock that returned 4% in the first year and a mutual fund that lost 2% in the first
year. He invested $10,000 more in the stock than in the mutual fund, and his net gain for 1 yr
was $3180. Determine the amount invested in each account.
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Answers: 1
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Pierre inherited S269,100 from his uncle and decided to invest the money. He put part of the
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