document.write( "Question 105057: 45,500A company placed $1,000,000 in three different accounts. It placed part in short-term notes paying 4.5% per year, twice as much in government bonds paying 5%, and the rest in utility bonds paying 4%. The income after one year was $45,500. How much did the company place in each account? \n" ); document.write( "
Algebra.Com's Answer #76584 by checkley75(3666)![]() ![]() ![]() You can put this solution on YOUR website! .045X+.05*2X+.04(1,000,000-3X)=45,500 \n" ); document.write( ".045X+.1X+40,000-.12X=45,500 \n" ); document.write( ".145X-.12X=45,500-40,000 \n" ); document.write( ".025X=5,500 \n" ); document.write( "X=5,500/.025 \n" ); document.write( "X=220,000 INVESTED IN 4.5% NOTES. \n" ); document.write( "2*220,000=440,000 INVESTED IN 5% GOV. BONDS. \n" ); document.write( "1,000,000-220,000-440,000=340,000 INVESTED IN UTILITY BONDS. \n" ); document.write( "PROOF \n" ); document.write( ".045*220,000+.05*440,000+.04*340,000=45,500 \n" ); document.write( "9,900+22,000+13,600=45,500 \n" ); document.write( "45,500=45,500 \n" ); document.write( " \n" ); document.write( " |