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

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

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Question 260086: Equal amounts are invested at 6%, 7% and 8% annual interest. If the three investments yield a total of $2,037 annual interest, what is the total investment.
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
.06x+.07x+.08x=2037
x*(.06+.07+.08)=2037
x*.21=2037
x=9700
total =3x=3*9700

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