document.write( "Question 898800: Wendy was awarded a volleyball scholarship to the University of Michigan, so on graduation her parents gave her the dollar-sign 16,000 they had saved for her college tuition. She opted to invest some money in a privately held company that pays 10 % per year and evenly split the remaining money between a money market account yielding 2 % and a high-risk stock that yielded 40 %. At the end of the first year she had dollar-sign 19,140 total. How much did she invest in each of the three? \n" ); document.write( "
Algebra.Com's Answer #545930 by richwmiller(17219)![]() ![]() You can put this solution on YOUR website! a+b+c=16000, \n" ); document.write( ".1a+.02b+.4c=3140, \n" ); document.write( "b=c \n" ); document.write( "a=2000., b=7000., c=7000. \n" ); document.write( " |