SOLUTION: A total of $16,000 is divided among three investments. The annual interest rates for the three investments are 5%, 6%, and 7%. If the total of $940 in interest per ye
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Question 1166489: A total of $16,000 is divided among three investments. The annual interest rates for the three investments are 5%, 6%, and 7%. If the total of $940 in interest per year, and the amount invested at 6% is $3,000 less than the amount invested at 5%, then find the amount invested at each rate.
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
\ +\ 0.07\(16000\,-\,(2x\,-\,3000)\)\ =\ 940)
Solve for 
, then calculate 
and )
John
My calculator said it, I believe it, that settles it
I > Ø
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