document.write( "Question 718503: Question: An investor has a total of $25,000 deposited in three different accounts, which earn annual interest rates of 8%, 6%, and 4%. The amount deposited in the 8% account is twice the amount in the 6% account. If the three accounts earn total interest of $1,520, how much money is deposited in each account.\r
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document.write( "Note: I have not attempted this problem because it confuses me and we are doing two of the four boxed problems but I don't see how to work it here. \n" );
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Algebra.Com's Answer #440938 by mananth(16946)![]() ![]() You can put this solution on YOUR website! An investor has a total of $25,000 deposited in three different accounts, which earn annual interest rates of 8%, 6%, and 4%. The amount deposited in the 8% account is twice the amount in the 6% account. If the three accounts earn total interest of $1,520, how much money is deposited in each account.\r \n" ); document.write( "\n" ); document.write( "let amount invested at 6% be x \n" ); document.write( "8%-----------2x\r \n" ); document.write( "\n" ); document.write( "Balance at 4%\r \n" ); document.write( "\n" ); document.write( "4%-----------(25000-3x)\r \n" ); document.write( "\n" ); document.write( "6%*x +8%*2x +4%(25000-3x)=1520\r \n" ); document.write( "\n" ); document.write( "multiply equation by 100\r \n" ); document.write( "\n" ); document.write( "6x+16x+100,000-12x=152000\r \n" ); document.write( "\n" ); document.write( "10x=152000-100000\r \n" ); document.write( "\n" ); document.write( "10x=52000 \n" ); document.write( "x= 5,200-----------6% \n" ); document.write( "2x=10,400----------8% \n" ); document.write( "8,400--------------4%\r \n" ); document.write( "\n" ); document.write( "Check\r \n" ); document.write( "\n" ); document.write( "6%*5,200 +8%*10,400 +4%*9,400= 1520\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |