Let the amounts be x,y,z. Then the facts are:
x+y+z = 15000
y = x+2000
.05x + .06y + .04z = 730
Now just solve for x,y,z
Aimee inherited $15,000. She chose to invest it in a series of municipal bonds, mutual funds, and money market accounts, which paid annual interest rates of 5%, 6%, and 4%, respectively. She invested $2,000 more in mutual funds than she invested in bonds. After the first year, she received a total of $730 in simple interest. How much did she invest in each category?
3 answers
5
56
7
56
7
Sorry, I'm not sure what you're asking for. Can you please provide more context or information?
1 answer