In this question , it is given that
A pension fund invests $55,400 in utility stocks and earns 14% per year on the investment.
We have to find amount of money earned per year and for that we have to find 14% of 55400 which is
[tex]=0.14*55400 = $7756[/tex]
So he earner $7756 per year by investing $55,400 in utility stocks .
