Mathematics, 21.07.2020 04:01 Kurlyash
John invested his inheritance of $12,000 in three different funds: part in a
money-market fund paying 3% interest annually, part in a municipal bonds
paying 4% annually, and the rest in mutual funds paying 7% annually. John
invested $4,000 more in mutual funds than he invested in municipal bonds.
The total interest earned in one year was $670. How much did he invest in
each type of fund?
Answers: 1
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John invested his inheritance of $12,000 in three different funds: part in a
money-market fund payi...
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