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Mat 105 reading word problems chap 3
1. Interpreting word problems a $5000 trust fund is invested in a mutual fund yielding 6 % per year in dividends, and in a corporate bond yielding 7 % interest per year. If the is $320 , how much is invested in each ? 1. Part of the balance total annual interest
2. Contd……. 2. An $8000 pension fund is invested in yielding 5 % and 8 % interest per year, respectively If is $ 520, how much is invested in each part ? two parts total annual interest
3. Key words to read……. 3. A club decides to invest a $4600 in stocks earning 4.5 % annual dividends, and the in bonds paying 7.5 %. How much must the club invest in each to obtain of 5.4% ? part of remainder a net return
4. Contd……. remainder part of A $12000 is invested at 5% annual interest, and the at 9 %. or is $100 more than How much is invested at each rate ? The annual income on the 9 % investment the annual income on the 5% investment or interest interest