Chris wants to have an income of 8200 per year from investments. To that end he is going to invest 90,000 in three different accounts. These accounts pay 6%, 10% and 12 % simple interest. If he wants to invest the same amount in the account paying7% simple interest as he has in the account paying 12% simple interest, how much should go into each account? Solve and define variables
Chris wants to have an income of 8200 per year from investments. To that end he is going to invest 90,000 in three different accounts. These accounts pay 6%, 10% and 12 % simple interest. If he wants to invest the same amount in the account paying7% simple interest as he has in the account paying 12% simple interest, how much should go into each account? Solve and define variables
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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Chris wants to have an income of 8200 per year from investments. To that end he is going to invest 90,000 in three different accounts. These accounts pay 6%, 10% and 12 % simple interest. If he wants to invest the same amount in the account paying7% simple interest as he has in the account paying 12% simple interest, how much should go into each account?
Solve and define variables
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