Question:

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

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