Asked by Anonymous
an investor has a total of $24,900 deposited in three different accounts which earn annual interest rate of 7%, 6%, and 4%. the amount deposited in the 7% account is twice the amount in the 6% account. if the three accounts earn a total annual interest of about $1412 how much money is deposited in each account?
Answers
Answered by
bobpursley
Call the account A, B, C
.07A+.06B+.04C=1412
A=2B or A-2B=0
A+B+C=24900
I assume you can solve now.
.07A+.06B+.04C=1412
A=2B or A-2B=0
A+B+C=24900
I assume you can solve now.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.