any math geniuses? cause im not.

GoldenRivet · 03-28-10, 07:22 PM

My wife is taking a class... the question is:

bob received $14,000 inheritance and divided it between a mutual fund that yielded a yearly return of 5% and a 1 year cd that paid 3.5% annually. if his total earnings for the year on this investment was $640, how much did he invest in each of these two funds?

i havnt taken a serious sit down honest to goodness math class in years... any suggestions as to how to solve this

frankly... she has been jacking with it for 3 hours and i wish she would just leave me the hell alone about it... so any help would be splendid

thanks

03-28-10, 07:22 PM	#1
GoldenRivet Subsim Aviator Join Date: Mar 2007 Location: Texas Posts: 8,726 Downloads: 146 Uploads: 0	any math geniuses? cause im not. My wife is taking a class... the question is: bob received $14,000 inheritance and divided it between a mutual fund that yielded a yearly return of 5% and a 1 year cd that paid 3.5% annually. if his total earnings for the year on this investment was $640, how much did he invest in each of these two funds? i havnt taken a serious sit down honest to goodness math class in years... any suggestions as to how to solve this frankly... she has been jacking with it for 3 hours and i wish she would just leave me the hell alone about it... so any help would be splendid thanks __________________