document.write( "Question 1163730: Equal amounts are invested at 5%,7%, and 9% annual interest. If the three investments yield a total of $840 annual interest , find the total investment. \n" ); document.write( "
Algebra.Com's Answer #787925 by greenestamps(13200)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "Equal amounts invested at 5%, 7%, and 9% means the average rate is 7%, because 7% is halfway between 5% and 9%. \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "ANSWER: The amount invested was $12,000. \n" ); document.write( "CHECK: .05(4000)+.07(4000)+.09(4000) = 200+280+360 = 840 \n" ); document.write( " \n" ); document.write( " |