Mathematics - Algebra - Linear Equations
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Past history indicates that mutual fund A will earn 11.6% annually while mutual fund B will earn 9.8% annually. If an investment amount is divided between funds A and B so that the expected return will be 11%, how should the investment be split between the two funds?
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Let the amount invested in A be x dollars and that in B be y dollars.
Simple Interest earned on x in one year = ...
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