SOLUTION: Can somebody help me with this question? I need it answer by today. A financial manager invested 20% of a client's money in bonds paying 9% annual simple interest, 35% in an 8%

Question 676665: Can somebody help me with this question? I need it answer by today.
A financial manager invested 20% of a client's money in bonds paying 9% annual simple interest, 35% in an 8% simple interest account, and the remainder in 9.5% corporate bonds. Find the amount invested in each if the total annual interest earned is $4,970.
at 9% $
at 8% $
at 9.5% $

Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
A financial manager invested 20% of a client's money in bonds paying 9% annual simple interest, 35% in an 8% simple interest account, and the remainder in 9.5% corporate bonds.
Find the amount invested in each if the total annual interest earned is $4,970.
The remainder = 45%
A = total amount
-----------------
0.2*A*0.09 + 0.35*A*0.08 + 0.45*A*0.095 = 4970
A*(0.018 + 0.028 + 0.04275) = A*0.08875 = 4970
A = 4970/0.08875
A = $56000
RELATED QUESTIONS
A financial planner recommends a plan for a client who has $67,000 to invest.At the end... (answered by ewatrrr)

A financial planner recommends a plan for a client who has $64,000 to invest. (See the... (answered by Boreal)

A financial planner recommends a plan for a client who has $64,000 to invest. At the end... (answered by josgarithmetic)

Hello, I need help with a simple interest financial question. Alex deposits a sum of... (answered by josmiceli)

A Stockbroker charges a 3.5% commission to sell shares of stocks for a client. Find the... (answered by rfer)

I am having a hard time with this question. could somebody PLEASE!!!!!! HELP ME.... (answered by Paul)

I please need help with this word problem. Marcus owes $885 for tuition. Financial aid (answered by jim_thompson5910)

This is the first week of this class and it is not starting out good for me so far.... (answered by josmiceli)

Hello, I am struggling with this homework problem. I need to solve for "x" of course, but (answered by bucky)