Ask your own question, for FREE!
Mathematics 26 Online
OpenStudy (anonymous):

David has $13,000 to invest. He invests $8000 in a mutual fund that pays 12% annual simple interest. If he wants to make at least $2200 in yearly interest, at what minimum rate does the remainder of the money need to be invested?

OpenStudy (anonymous):

|dw:1342741235061:dw|

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!