Deanna L. answered • 08/27/14

EE can be easier with help

The 73000 yields 73000*.08. Let's say x dollars at 2% yields .02x. Then 73000*.08+.02x=(73000+x)*.03

Solve for x!

Hope that helps,

Deanna

Kelly W.

asked • 08/26/14ed moura has $73000 invested in stocks paying 8%. how much additional money should he invest in certificates of deposit paying 2% so that the average return on the two investments is 3%

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Deanna L. answered • 08/27/14

EE can be easier with help

The 73000 yields 73000*.08. Let's say x dollars at 2% yields .02x. Then 73000*.08+.02x=(73000+x)*.03

Solve for x!

Hope that helps,

Deanna

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