SOLUTION: Marko invested $300 000 in stocks, bonds and a savings account at the rates shown on the right. (stocks=15%, bonds=10%, savings=4%). He invested 4 times as much in stocks as he inv

Question 903282: Marko invested $300 000 in stocks, bonds and a savings account at the rates shown on the right. (stocks=15%, bonds=10%, savings=4%). He invested 4 times as much in stocks as he invested in the savings account. After one year, he earned $35 600 in interest. How much money did he put into each type of investment?
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
s+b+a=300000,
0.15*s+0.10*b+0.04*a=35600,
s=4a
a=40000., b=100000., s=160000.

RELATED QUESTIONS
Marko invested $300 000 in stocks, bonds and a savings account at the rates shown on the... (answered by ankor@dixie-net.com)

James invested $300 000 in stocks at 15%, bonds at 10% and a savings account at 2%. He... (answered by jorel555)

Maricopa's Success scholarship fund receives a gift of $ 175000. The money is invested in (answered by ikleyn)

Maricopa's Success scholarship fund receives a gift of $ 145000. The money is invested in (answered by ikleyn)

Erwin invested $120,000 in stocks and bonds. If he made a 20% profit on his stocks and a... (answered by Boreal)

Lee invests $10,000 in stocks and bonds. The stocks return 15% a year and the bonds... (answered by stanbon)

Maricopa's Success scholarship fund receives a gift of $ 110000. The money is invested in (answered by Boreal)

The admission fee at an amusement park is 1.5 dollars for children and 4 dollars for... (answered by baseball35)

Mr. Tran has $24,000 to invest, some in bonds and the rest in stocks. He has decided that (answered by ikleyn)