You invest in bonds yielding an interest rate of 2.2 percent, utility stock yielding an interest rate of 4.1 percent, and a bank certificate yielding an interest rate of 7.75 percent. The total interest earned in all three accounts in one year was $5,232.80 dollars. The amount allocated to the bonds was 200 less than the amount allocated to the bank certificate, and the amount allocated to the utility stock was 4 times the amount allocated to the bonds. What was the total amount of money the person had to invest? The total amount invested was $
You invest in bonds yielding an interest rate of 2.2 percent, utility stock yielding an interest rate of 4.1 percent, and a bank certificate yielding an interest rate of 7.75 percent. The total interest earned in all three accounts in one year was $5,232.80 dollars. The amount allocated to the bonds was 200 less than the amount allocated to the bank certificate, and the amount allocated to the utility stock was 4 times the amount allocated to the bonds. What was the total amount of money the person had to invest? The total amount invested was $
Chapter7: Systems Of Equations And Inequalities
Section7.2: Systems Of Linear Equations: Three Variables
Problem 61SE: Last year, at Haven's Pond Car Dealership, for a particular model of BMW, Jeep, and Toyota, one...
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You invest in bonds yielding an interest rate of 2.2 percent, utility stock yielding an interest rate of 4.1 percent, and a bank certificate yielding an interest rate of 7.75 percent. The total interest earned in all three accounts in one year was $5,232.80 dollars. The amount allocated to the bonds was 200 less than the amount allocated to the bank certificate, and the amount allocated to the utility stock was 4 times the amount allocated to the bonds. What was the total amount of money the person had to invest?
The total amount invested was $
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