document.write( "Question 356191: Equal amounts are invested in each of three accounts paying 7%, 8%, and 10.5% annually. If one year's combined interest income is $1,224.00, how much is invested in each account?\r
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document.write( "please show steps on how to solve this problem, thank you. \n" );
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Algebra.Com's Answer #254256 by mananth(16949) You can put this solution on YOUR website! Equal amounts are invested in each of three accounts paying 7%, 8%, and 10.5% annually. If one year's combined interest income is $1,224.00, how much is invested in each account? \n" ); document.write( ".. \n" ); document.write( "let the amount be $x \n" ); document.write( "interest for 1 year at 7% = 0.07x \n" ); document.write( "Interest for 1 year at 8%=0.08x \n" ); document.write( "10.5% =0.105x \n" ); document.write( "... \n" ); document.write( "0.07x+0.08x+0.105x=1224 \n" ); document.write( "0.255x=1224 \n" ); document.write( "x= 1224/0.255 \n" ); document.write( "x= $4,800 invested in each amount \n" ); document.write( "... \n" ); document.write( "m.ananth@hotmail.ca \n" ); document.write( " |