document.write( "Question 1183157: Stonewall earns a year-end bonus of $6000 and puts it in 3 different accounts Ecobank, Stanbic Bank and Fidelity Bank that earns him a total of $522 in simple interest at the end of the year. The interest rate is 3%, 5% and 6% respectively.If Mr. Stonewall invested $1200 more in Fidelity Bank than in Ecobank, find the amount of money Mr. Stonewall invested in Ecobank, Stanbic Bank and Fidelity Bank \n" ); document.write( "
Algebra.Com's Answer #813338 by josgarithmetic(39617)![]() ![]() ![]() You can put this solution on YOUR website! \r\n" ); document.write( " RATE QUANT. INTEREST\r\n" ); document.write( "\r\n" ); document.write( "Econo 0.03 6000-x-(x+1200)=4800-2x 0.03(4800-2x)\r\n" ); document.write( "Stanbic 0.05 x 0.05x\r\n" ); document.write( "Fidelity 0.06 x+1200 0.06(x+1200)\r\n" ); document.write( "TOTAL 6000 522\r\n" ); document.write( "\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( ".\r \n" ); document.write( "\n" ); document.write( ". \n" ); document.write( "Simplifying and solve for x, amount deposited in Stanbic Bank would be 6120 which makes no sense. No solution in real, positive numbers. \n" ); document.write( " |