2. Maria invested a total $26000 into three accounts: a saving account paying 3%interest, a CD deposit paying 4% interest, and a bond paying 5% interest. Hertotal annual interest from the three investments was $1000. The interest from thesaving account was $460 less than the total interest from the other twoinvestments. How much did she invest at each rate?

Given: The total amount of investment=$26000. The interest rate of savings=3% The interest rate of…

Answered: 2. Maria invested a total $26000 into…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Similar questions

Leah has two savings accounts with balances totaling $8,000. She withdrew 15% from one and 40% from the other. If she has $6,350 remaining in the accounts, how much money did she withdraw from the account with the larger balance?
Mila invested $6,700 and put it in two accounts. She put some in a money market account that earned 1 1/2 % simple interest and she put the rest in a certificate of deposit (CD) that earned 2 3/4% simpleinterest. At the end of the first year she earned a total of $149.25 in interest. How much did she depositin each account?
A retired couple has $120,000 to invest to obtain annual income. They want some of it invested in safe certificates of deposit yielding 5%. The rest they want to invest in AA bonds yielding 12% per year. How much should they invest in each to realize exactly $11,600 per year ?
After one year Jonny's two mutual funds returned a total of $14,370. The first fund returned 2% and the second, in which he had invested $16,000 more, returned 11%. What was the amount of Jonny's original investment? Jonny's original investment was $
Bob invests $14000, part at 6% per annum and the rest at 9% per annum. After one year, he had earned $1095 from his investments. How much did Bob invest at each rate?
you invested $3000 between two accounts paying 5% and 9 % annual interest, respectively. if the total interest enearned for the year was $190, how much was invested at each rate?
you invested $10,000 in two account paying 4% and 8% annual interest, respectively. If the total interest earned for the year was $520, how much was invested at each rate?
A couple invested $20,000 in two retirement accounts, one at an annual simple interest rate of 4% and the other at 3% annual simple interest. The combined interest from the two investments was $740 for the first year. Find the amount invested in each account. $ invested at 4% 2$ invested at 3%

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