SOLUTION: Equal amounts are invested in each of three accounts paying 8%, 9%, and 10.5% annually. If one year's combined interest income is $1,292.50, how much is invested in each account?

Question 889525: Equal amounts are invested in each of three accounts paying 8%, 9%, and 10.5% annually. If one year's combined interest income is $1,292.50, how much is invested in each account?
Answer by ankor@dixie-net.com(22740) (Show Source): You can put this solution on YOUR website!
Equal amounts are invested in each of three accounts paying 8%, 9%, and 10.5% annually.
If one year's combined interest income is $1,292.50, how much is invested in each account?
:
Let x = amt invested in each account
then
.08x + .09x + .105x = 1292.50
.275x = 1292.50
Find x
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