Question 587882
An inheritance of $25,000 is divided among three investments yielding a total of $1,275 in interest per year. The interest rates for three investments are 4.5%, 5%, and 8%. The amounts invested at 5% and 8% are 4000 and 10000 less than the amount invested at 4.5 respectively. Find the amount invested in each rate.
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let x=amt invested at 4.5%
x-4000=amt invested at 5%
x-10000=amt invested at 8%
..
x+x-4000+x-10000=25000
3x=25000+14000=39000
x=39000/3=13000
x-4000=9000
x-10000=3000
ans:
amt invested at 4.5%=$13000
amt invested at 5%=$9000
amt invested at 8%=$3000