Mathematics Problem About Investment Question
Question Description
I’m working on a mathematics question and need an explanation and answer to help me learn.
A man has $ 10,000 to invest. He invests $ 4000 at 5 % and $ 3500 at 4 %. In order to have a yearly income of $ 500, he must invest the remainder at:
(a) 6 % , (b) 6.1 %, (c) 6.2 %, (d) 6.3 %, (e) 6.4 %
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