Raymond B. answered 03/13/24
Math, microeconomics or criminal justice
f +s +m = 8,000
.07f +.10s +.0225m = 452.50
f+s = m
3 equations 3 unknowns
solve by substitution/elimination or matrix algebra
f+s+m =8000
m+m = 2m = 8000
f+s=m = 4000
m= $4000 invested in money market
that gives x=$1250 for funds
and y= $2750 for stocks
.07(1250) + .1(2750) + (.0225)4,000
= 87.50+ 275 +90
= 177.5 +275
= 452.50