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    3. A financial planner has a client with $15,000 to invest. if he investes $10,000 in a certificate of deposit paying 11% annual simple interest, at what rate does the remainder of the money need to be invested so that the two investments together yield at least $1600 in yearly interest?
    A financial planner has a client with $15,000 to invest. if he investes $10,000 in a certificate of deposit paying 11% annual simple interest, at what rate does the remainder of the money need to be invested so that the two investments together yield at least $1600 in yearly interest?

    please answer me quick please friends.

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    0  Views: 408 Answers: 4 Posted: 14 years ago
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      4 Answers

      You asked this question many times and got different answers. Try asking only one time next time. You only come here to yell at us and get us to do your homework. I'd remove you but two of our volunteers took the time to answer this for you. People do not get paid to do your homework here. 

      14 years ago. Rating: 0
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        10%.... 500/5000.   Do I get a grade for this?

        14 years ago. Rating: 0
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          11% on 10,000 is 1,100  the remaining 5,000 must earn 500 in 12 months  or 10% simple interest

          14 years ago. Rating: 0
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            11% on 10,000 is 1,100  the remaining 5,000 must earn 500 in 12 months  or 10% simple interest

            14 years ago. Rating: 0
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