SOLUTION: Equal amounts are invested at 6%, 7%, and 8% annual interest. If the three investments yield a total of $2,037 annual interest, find the total investment.

Question 107320This question is from textbook College Algebra
: Equal amounts are invested at 6%, 7%, and 8% annual interest. If the three investments yield a total of $2,037 annual interest, find the total investment. This question is from textbook College Algebra

Found 2 solutions by Fombitz, MathLover1:
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!

Each of the three investments has $9,700 in it for a total of 3($9,700)=$29,100.
Answer by MathLover1(20849) (Show Source): You can put this solution on YOUR website!

Equal amounts are invested at 6%, 7%, and 8% annual interest. If the three investments yield a total of $ annual interest, find the total investment.
If amount is , then
��..multiply both sides by

...........total investment
check:

.....annual interest

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