Help!! Linear algebra please
Assume that a persons total winnings are $600000, that the utility bonds will pay 12 percent per year, and that the savings account will pay 6 percent per year. How much should she allocate to each investment in order for the yearly incomes from them to be the same?

Question

turingtest · Answer

Unless I am misunderstanding, all they want is for you to recognize that the interests are in a 1:2 ratio, so the money should be divided 2:1

anonymous · Answer

So, I would add up... 2x+1x=3x=600,000 divide to get x and distribute between the 2x and 1x, right?

turingtest · Answer

yep