close
    david has $ 15000 to invested , he invested $10000 in a mutual fund that pay12% annual simple inteest, if he wants to make $2200 in yearly interst at what rate does the remaining of the monsy need to be invested??

    0  Views: 397 Answers: 2 Posted: 13 years ago

    2 Answers

    You're a little too late for our math tutors I think. I've always hated math. It makes my head hurt and it's 1:10 am here. My brain is sleepy otherwise I'd take the time to set up the formula for you. Starting is 10,000 X 12% =___ ( a calculator can give you that answer. ) Take the answer and divide it into 2200. I hope that's right. Like I said, my brain is sleepy right now. 

    Where does David do his banking to get the 12% interest???  WOW, haven't seen 12% interest in years and years.  Would love to invest to get that interest rate, I think everyone would love to know that!!! 


    Ops sorry, I don't know the answer, was so excited about the 12% interest, I'm looking everywhere to find my check book so I too can make that 12% interest!!!  PLEASE  let us know!!  =)

    Chiangmai

    Worse. It's mutual funds. Paying funds may pay out dividends but not interest (if with interest, it's less than .5%). This supposition, as Oceanside indicated, is unrealistic. Nonetheless, you were smart enough to ask the same question twice. Happily my answer for you is in the other one.


    Top contributors in Uncategorized category

     
    ROMOS
    Answers: 18061 / Questions: 154
    Karma: 1101K
     
    Colleen
    Answers: 47269 / Questions: 115
    Karma: 953K
     
    country bumpkin
    Answers: 11322 / Questions: 160
    Karma: 838K
     
    Benthere
    Answers: 2392 / Questions: 30
    Karma: 760K
    > Top contributors chart

    Unanswered Questions

    wiki xoilactv
    Answers: 0 Views: 13 Rating: 0
    samson vlasta
    Answers: 0 Views: 9 Rating: 0
    samson vlasta
    Answers: 0 Views: 9 Rating: 0
    samson vlasta
    Answers: 0 Views: 9 Rating: 0
    samson vlasta
    Answers: 0 Views: 9 Rating: 0
    > More questions...
    466594
    questions
    722260
    answers
    785577
    users