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A man invests $3700 in three accounts that pay 5%, 6% , and 7% in annual interest, respectively. He has 3 times as much invested at 7% than he does at 5% . If his total interest for the year is $234 ,
asked
Apr 20, 2018
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A man invests
$3700
in three accounts that pay
5%,
6%
, and
7%
in annual interest, respectively. He has
3
times as much invested at
7%
than he does at
5%
. If his total interest for the year is
$234
, how much is invested at each rate?
Mathematics
college
AlexeyGorovoy
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First account $3700 at 7% Interest annually = $259.00
Second account $3700 at 6% interest annually = $222.00
Thirs account $3700 at 5% interest annually = $185.00
He has 3 times as much invested at 7% than he does at 5%.
If his total interest for the year is $234, how much is invested at each rate?
Doesn't make any sense - please rephrase.
Brpaz
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Apr 26, 2018
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Brpaz
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