Mathematics
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.

answer
Answers: 1

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Pierre inherited S269,100 from his uncle and decided to invest the money. He put part of the money...

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