A trust fund has $200,000 to invest. Three

ahmed zubair 2022-09-14

A trust fund has $200,000 to invest. Three alternative investments have been identified, earning income of 10 percent, 7 percent and 8 percent respectively. A goal has been set to earn an annual income of $16,000 on the total investment. One condition set by the trust is that the combine investment in alternatives 2 and 3 should be triple the amount invested in alternative 1. Determine the amount of money, which should be invested in each option to satisfy the requirements of the trust fund. Solve by Gauss- Jordon method.

 

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