SOLUTION: Raeann deposited $8000 into three accounts at her credit union: a checking account that pays 1.2% interest, a savings account that pays 2.5% interest, and a money market account th

Algebra ->  Customizable Word Problem Solvers  -> Mixtures -> SOLUTION: Raeann deposited $8000 into three accounts at her credit union: a checking account that pays 1.2% interest, a savings account that pays 2.5% interest, and a money market account th      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 898448: Raeann deposited $8000 into three accounts at her credit union: a checking account that pays 1.2% interest, a savings account that pays 2.5% interest, and a money market account that pays 3% interest. If she put three times more money in the 3% account than she did in the 1.2% account, and her total interest for 1 year was $202, how much did she deposit into each account?
Answer by richwmiller(17219) About Me  (Show Source):
You can put this solution on YOUR website!
x+y+z=8000,
0.012*x+0.025*y+.03*z=202,
z=3x
x=1000., y=4000., z=3000.