document.write( "Question 158113: A company place $1,000,000 in three different accounts. It placed part in short-term notes paying 4.5% peryear, twice as much in government bonds paying 5% per year, and the rest in utility bonds paying 4%. The income after one year is $45,500. How much did the company place in each account? \n" ); document.write( "
Algebra.Com's Answer #116596 by checkley77(12844)![]() ![]() ![]() You can put this solution on YOUR website! .045X+.05*2X+.04(1,000,000-3X)=45,500 \n" ); document.write( ".045X+.10X+40,000-.12X=45,500 \n" ); document.write( ".025X=45,500-40,000 \n" ); document.write( ".025X=5,500 \n" ); document.write( "X-5,500/.025 \n" ); document.write( "X=220,000 INVESTED @ 4.5% \n" ); document.write( "2*220,000=440,000 INVESTED @ 10% \n" ); document.write( "1,000-220,000-440,000=340,000 INVESTED @4%. \n" ); document.write( "PROOF: \n" ); document.write( ".045*220,000+.05*440,000+340,000*.04=45,500 \n" ); document.write( "9,900+22,000+13,600=45,500 \n" ); document.write( "45,500=45,500\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |