SOLUTION: Equal amounts are invested in each of three accounts paying 8%, 9%, and 10.5% annually. If one year's combined interest income is $1,292.50, how much is invested in each account?
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: Equal amounts are invested in each of three accounts paying 8%, 9%, and 10.5% annually. If one year's combined interest income is $1,292.50, how much is invested in each account?
Log On
Question 889525: Equal amounts are invested in each of three accounts paying 8%, 9%, and 10.5% annually. If one year's combined interest income is $1,292.50, how much is invested in each account? Answer by ankor@dixie-net.com(22740) (Show Source):
You can put this solution on YOUR website! Equal amounts are invested in each of three accounts paying 8%, 9%, and 10.5% annually.
If one year's combined interest income is $1,292.50, how much is invested in each account?
:
Let x = amt invested in each account
then
.08x + .09x + .105x = 1292.50
.275x = 1292.50
Find x
