Question Description
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:
Expert AnswerÂ
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: