Last year you inherited $12,000 and decided to invest some of it in a low risk mutual fund?
September 3rd, 2010
Last year you inherited ,000 and decided to invest some of it in a low risk mutual fund, and the rest in a high risk fund. During the year, the low risk fund earned 6%, while the high risk fund lost 3%. If your total investment is now worth ,450, how much money did you invest in each fund?
My Related Websites
- Ovary removal helps women at high risk cancer risk – Cancer Health
- High Risk Auto Insurance – Getting The Best Out Of The Worst …
- How do you decide HOW MUCH money to spend on your family vacation?
- How Much MONEY Are You Willing to THROW Away Chasing SELF-Esteem …
- Q&A: How much money can you make with google adsense? | PC-BLOG
- A Quiet Equity Fund Labeled as a Dividend Fund – ING Equity …
- Success of Value Funds Suggest Where To Invest | Mutual Fund Site
- When you get your check how much money to you set aside to save …
- Health Tips – High Risk Pregnancy | We Health Information Tips Videos
- Mutual Funds – Emerging Market Funds | InvestorPlace
- Renewable Energy Mutual Funds
- High risk personal loans: Overcome financial pitfalls smartly …
- How much money would I need for 2 weeks in Dubai? | Confused Today
- High risk research to find transplant tolerance | WHYY News and …
- High Risk of Substance Abuse among Hispanic Youth | Psych Central News
- How much money should I put in a penny stock(MCLN) that I know is …
- State now offering insurance to high-risk individuals « Michigan …
- How much money can you make with google adsense? « Wordpress and …
- What is NAV as in Mutual funds?
- Things To Consider While Choosing The Right Mutual Fund Schemes …
Mail this post
Posted in 
Tags: 
Let l= amount in low risk
Then (12000-l) = amount in high risk
So, l * 1.06 + (12000-l)*0.97 = 12,450
I am sure you can figure out the rest for yourself.