SOLUTION: Equal amounts are invested in each of three accounts paying 3%, 5%, and 15.5% annually. If one year's combined interest income is $963.50, how much is invested in each account?

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Question 1088661: Equal amounts are invested in each of three accounts paying 3%, 5%, and 15.5% annually. If one year's combined interest income is $963.50, how much is invested in each account?
Answer by Fombitz(32388) About Me  (Show Source):
You can put this solution on YOUR website!
Let the amount invested in each account equal X.
0.03X%2B0.05X%2B0.155X=963.50
0.235X=963.50
X=963.50%2F0.235
Solve for X.