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Sigchi4life
Category:
Mathematics
Price: $5 USD

Question description

a bank invested 490,000 last year in mutual funds. The conservative fund earned 6% simple interest. The growth fund earned 14% simple interest. at the end of the year the bank had earned 31,000 from these mutual funds. how much did it invest in each fund?

Tutor Answer

(Top Tutor) Daniel C.
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School: Rice University
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