You have 250,000 in an IRA (individual retirement account) at the you retire. You have the option of investing this money in two funds. Fund A pays 1.1% annually and Fund B pays 6.1% annually. How should you divide your money between Fund A and Fund B to produce an annual interest income of 6,750?

Question

experimentx · Answer

I = PTR/100
=x1.1/100 + (250000-x)6.1/100 = 6,750

experimentx · Answer

find x and (250000-x)
also try pluggin in wolframalpha

anonymous · Answer

ok