SOLUTION: When equal amounts are invested in each of the three accounts paying 8%, 9%, and 11.5%, one year's combined interest income is $1,282.50. How much is invested in each account?
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Question 991352: When equal amounts are invested in each of the three accounts paying 8%, 9%, and 11.5%, one year's combined interest income is $1,282.50. How much is invested in each account? Answer by macston(5194) (Show Source):
You can put this solution on YOUR website! .
x=amount invested in each account
.
0.08x + 0.09x + 0.115x=$1282.50
0.285x=$1282.50
x=$4500
.
ANSWER: $4500 was invested in each account.
