investing: greatest amount in 6% fund to get $1500 or more

sunshine25

New member
Joined
Sep 29, 2007
Messages
4
I just don't get it:

I am going to invest 20000 part and 6% and part at 8%. What is the most I can have at 6% to make at least $1500 in interest this year?

Please help me... :)
 

Denis

Senior Member
Joined
Feb 17, 2004
Messages
1,465
x = 6% portion

.06x + .08(20000 - x) = 1500 : OK?
 
Top