Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN: 9781285741550
Author: James Stewart
Publisher: Cengage Learning
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3. Investments Nui invests $10,000, received from her grandmother, in
three ways. With one part, she buys mutual funds that offer a return of 6.5%
per year. She uses the second part, which amounts to twice the first, to buy
government bonds at 6% per year. She puts the rest in the bank at 5% annual
interest. The first year her investments bring a return of $605. How much did
she invest in each way?
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Transcribed Image Text:3. Investments Nui invests $10,000, received from her grandmother, in three ways. With one part, she buys mutual funds that offer a return of 6.5% per year. She uses the second part, which amounts to twice the first, to buy government bonds at 6% per year. She puts the rest in the bank at 5% annual interest. The first year her investments bring a return of $605. How much did she invest in each way?
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