Pierre inherited 440 000 from his uncle and decided to

Last updated: 7/9/2023

Pierre inherited 440 000 from his uncle and decided to invest the money He put part of the money in a money market account that earns 2 5 simple interest The remaining money was invested in a stock that returned 3 in the first year and a mutual fund that lost 2 in the first year He invested 10 000 more in the stock than in th mutual fund and his net gain for 1 yr was 2500 Determine the amount invested in each account