Problema Solution
an investor wishes to realize a return of 12 percent on a total of two investments. if he has $10,000 invested at 10 percent, how much additional money should be invested at 16 percent?
Answer provided by our tutors
let
x = additional money invested at 16%
0.10*10,000 + 0.16x = 0.12(10,000 + x)
by solving we find:
x = $5,000
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$5,000 should be invested at 16%.