Algebra 2
Algebra 2
1st Edition
ISBN: 9780078884825
Author: McGraw-Hill/Glencoe
Publisher: Glencoe/McGraw-Hill School Pub Co
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Chapter 3.5, Problem 23PPS
To determine

To calculate: The amount of money invested in each account.

Expert Solution & Answer
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Answer to Problem 23PPS

The amount of money invested in account A is $55,000 , account B is $20,000 and account C is $25,000 .

Explanation of Solution

Given information:

The amount money invested in 3 accounts is $100,000 . The amount of money invested in account A is $30,000 plus the amount invested in account C. The expected rate of interest to be earned is $6300 .

  AccountExpected InterestA4%B8%C10%

Calculation:

It is provided that the amount money invested in 3 accounts is $100,000 . The amount of money invested in account A is $30,000 plus the amount invested in account C. The expected rate of interest to be earned is $6300 .

  AccountExpected InterestA4%B8%C10%

Let amount of money invested in account A isx , amount of money invested in account Bbe y and amount of money invested in account Cbe z .

It is provided that the amount money invested in 3 accounts is $100,000 .

  x+y+z=100,000

The amount of money invested in account A is $30,000 plus the amount invested in account C.

  x=30000+z

The expected rate of interest to be earned is $6300 .

  AccountExpected InterestA4%B8%C10%

So,

  4x+8y+10z=6300002x+4y+5z=315000

The system of equations obtained is,

  x+y+z=100000x−z=300002x+4y+5z=315000

Since, x=30000+z

So,

  30000+z+y+z=100000y+2z=70,000

And,

  2(30000+z)+4y+5z=3150004y+7z=255000

Therefore, equations are

  y+2z=70,0004y+7z=255000

Use the method of substitution to solve the new first equation and third equation of system above.

  4(70,000−2z)+7z=255000−z=255000−280000z=25000

Now substitute z=25000 in the equation x−z=30000 ,

  x−25000=30000x=55000

Now substitute x=55000 and z=25000 in x+y+z=100000 .

  55000+y+25000=100000y=20000

Therefore, solution is the coordinate pair, (55000,20000,25000) .

Thus, the amount of money invested in account A is $55,000 , account B is $20,000 and account C is $25,000 .

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Chapter 3.5, Problem 22PPS
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Chapter 3.5, Problem 24HP

Chapter 3 Solutions

Algebra 2

Ch. 3.1 - Prob. 1ACYPCh. 3.1 - Prob. 1BCYPCh. 3.1 - Prob. 2ACYPCh. 3.1 - Prob. 2BCYPCh. 3.1 - Prob. 3CYPCh. 3.1 - Prob. 4ACYPCh. 3.1 - Prob. 4BCYPCh. 3.1 - Prob. 4CCYPCh. 3.1 - Prob. 4DCYPCh. 3.1 - Prob. 1CYU
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Prob. 5ECh. 3.3 - Prob. 6ECh. 3.3 - Prob. 7ECh. 3.3 - Prob. 8ECh. 3.3 - Prob. 9ECh. 3.4 - Prob. 1ACYPCh. 3.4 - Prob. 1BCYPCh. 3.4 - Prob. 2ACYPCh. 3.4 - Prob. 2BCYPCh. 3.4 - Prob. 3CYPCh. 3.4 - Prob. 1CYUCh. 3.4 - Prob. 2CYUCh. 3.4 - Prob. 3CYUCh. 3.4 - Prob. 4CYUCh. 3.4 - Prob. 5CYUCh. 3.4 - Prob. 6CYUCh. 3.4 - Prob. 7CYUCh. 3.4 - Prob. 8PPSCh. 3.4 - Prob. 9PPSCh. 3.4 - Prob. 10PPSCh. 3.4 - Prob. 11PPSCh. 3.4 - Prob. 12PPSCh. 3.4 - Prob. 13PPSCh. 3.4 - Prob. 14PPSCh. 3.4 - Prob. 15PPSCh. 3.4 - Prob. 16PPSCh. 3.4 - Prob. 17PPSCh. 3.4 - Prob. 18PPSCh. 3.4 - Prob. 19PPSCh. 3.4 - Prob. 20PPSCh. 3.4 - Prob. 21PPSCh. 3.4 - Prob. 22PPSCh. 3.4 - Prob. 23PPSCh. 3.4 - Prob. 24PPSCh. 3.4 - Prob. 25PPSCh. 3.4 - Prob. 26PPSCh. 3.4 - Prob. 27PPSCh. 3.4 - Prob. 28PPSCh. 3.4 - Prob. 29PPSCh. 3.4 - Prob. 30HPCh. 3.4 - Prob. 31HPCh. 3.4 - Prob. 32HPCh. 3.4 - Prob. 33HPCh. 3.4 - Prob. 34HPCh. 3.4 - Prob. 35HPCh. 3.4 - Prob. 36HPCh. 3.4 - Prob. 37HPCh. 3.4 - Prob. 38STPCh. 3.4 - Prob. 39STPCh. 3.4 - Prob. 40STPCh. 3.4 - Prob. 41STPCh. 3.4 - Prob. 42STPCh. 3.4 - Prob. 43STPCh. 3.4 - Prob. 44STPCh. 3.4 - Prob. 45STPCh. 3.4 - Prob. 46STPCh. 3.4 - Prob. 47STPCh. 3.4 - Prob. 48STPCh. 3.4 - Prob. 49STPCh. 3.4 - Prob. 50SCh. 3.4 - Prob. 51SCh. 3.4 - Prob. 52SCh. 3.4 - Prob. 53SCh. 3.4 - Prob. 54SCh. 3.4 - Prob. 55SCh. 3.5 - Prob. 1ACYPCh. 3.5 - Prob. 1BCYPCh. 3.5 - Prob. 2ACYPCh. 3.5 - Prob. 2BCYPCh. 3.5 - Prob. 3CYPCh. 3.5 - Prob. 1CYUCh. 3.5 - Prob. 2CYUCh. 3.5 - Prob. 3CYUCh. 3.5 - Prob. 4CYUCh. 3.5 - Prob. 5CYUCh. 3.5 - Prob. 6CYUCh. 3.5 - Prob. 7CYUCh. 3.5 - Prob. 8PPSCh. 3.5 - Prob. 9PPSCh. 3.5 - Prob. 10PPSCh. 3.5 - Prob. 11PPSCh. 3.5 - Prob. 12PPSCh. 3.5 - Prob. 13PPSCh. 3.5 - Prob. 14PPSCh. 3.5 - Prob. 15PPSCh. 3.5 - Prob. 16PPSCh. 3.5 - Prob. 17PPSCh. 3.5 - Prob. 18PPSCh. 3.5 - Prob. 19PPSCh. 3.5 - Prob. 20PPSCh. 3.5 - Prob. 21PPSCh. 3.5 - Prob. 22PPSCh. 3.5 - Prob. 23PPSCh. 3.5 - Prob. 24HPCh. 3.5 - Prob. 25HPCh. 3.5 - Prob. 26HPCh. 3.5 - Prob. 27HPCh. 3.5 - Prob. 28HPCh. 3.5 - Prob. 29HPCh. 3.5 - Prob. 30HPCh. 3.5 - Prob. 31HPCh. 3.5 - Prob. 32HPCh. 3.5 - Prob. 33HPCh. 3.5 - Prob. 34STPCh. 3.5 - Prob. 35STPCh. 3.5 - Prob. 36STPCh. 3.5 - Prob. 37STPCh. 3.5 - Prob. 38STPCh. 3.5 - Prob. 39SCh. 3.5 - Prob. 40SCh. 3.5 - Prob. 41SCh. 3.5 - Prob. 42SCh. 3 - Prob. 1QCCh. 3 - Prob. 2QCCh. 3 - Prob. 3QCCh. 3 - Prob. 4QCCh. 3 - Prob. 5QCCh. 3 - Prob. 6QCCh. 3 - Prob. 7QCCh. 3 - Prob. 8QCCh. 3 - Prob. 9QCCh. 3 - Prob. 10QCCh. 3 - Prob. 11QCCh. 3 - Prob. 12QCCh. 3 - Prob. 13QCCh. 3 - Prob. 14QCCh. 3 - Prob. 1MCQCh. 3 - Prob. 2MCQCh. 3 - Prob. 3MCQCh. 3 - Prob. 4MCQCh. 3 - Prob. 5MCQCh. 3 - Prob. 6MCQCh. 3 - Prob. 7MCQCh. 3 - Prob. 8MCQCh. 3 - Prob. 9MCQCh. 3 - Prob. 10MCQCh. 3 - Prob. 11MCQCh. 3 - Prob. 12MCQCh. 3 - Prob. 13MCQCh. 3 - Prob. 14MCQCh. 3 - Prob. 15MCQCh. 3 - Prob. 16MCQCh. 3 - Prob. 17MCQCh. 3 - Prob. 18MCQCh. 3 - Prob. 19MCQCh. 3 - Prob. 20MCQCh. 3 - Prob. 21MCQCh. 3 - Prob. 22MCQCh. 3 - Prob. 1SGRCh. 3 - Prob. 2SGRCh. 3 - Prob. 3SGRCh. 3 - Prob. 4SGRCh. 3 - Prob. 5SGRCh. 3 - Prob. 6SGRCh. 3 - Prob. 7SGRCh. 3 - Prob. 8SGRCh. 3 - Prob. 9SGRCh. 3 - Prob. 10SGRCh. 3 - Prob. 11SGRCh. 3 - Prob. 12SGRCh. 3 - Prob. 13SGRCh. 3 - Prob. 14SGRCh. 3 - Prob. 15SGRCh. 3 - Prob. 16SGRCh. 3 - Prob. 17SGRCh. 3 - Prob. 18SGRCh. 3 - Prob. 19SGRCh. 3 - Prob. 20SGRCh. 3 - Prob. 21SGRCh. 3 - Prob. 22SGRCh. 3 - Prob. 23SGRCh. 3 - Prob. 24SGRCh. 3 - Prob. 25SGRCh. 3 - Prob. 26SGRCh. 3 - Prob. 27SGRCh. 3 - Prob. 28SGRCh. 3 - Prob. 29SGRCh. 3 - Prob. 30SGRCh. 3 - Prob. 1PTCh. 3 - Prob. 2PTCh. 3 - Prob. 3PTCh. 3 - Prob. 4PTCh. 3 - Prob. 5PTCh. 3 - Prob. 6PTCh. 3 - Prob. 7PTCh. 3 - Prob. 8PTCh. 3 - Prob. 9PTCh. 3 - Prob. 10PTCh. 3 - Prob. 11PTCh. 3 - Prob. 12PTCh. 3 - Prob. 13PTCh. 3 - Prob. 14PTCh. 3 - Prob. 15PTCh. 3 - Prob. 16PTCh. 3 - Prob. 17PTCh. 3 - Prob. 18PTCh. 3 - Prob. 19PTCh. 3 - Prob. 1ECh. 3 - Prob. 2ECh. 3 - Prob. 3ECh. 3 - Prob. 4ECh. 3 - Prob. 1STPCh. 3 - Prob. 2STPCh. 3 - Prob. 3STPCh. 3 - Prob. 4STPCh. 3 - Prob. 5STPCh. 3 - Prob. 6STPCh. 3 - Prob. 7STPCh. 3 - Prob. 8STPCh. 3 - Prob. 9STPCh. 3 - Prob. 10STPCh. 3 - Prob. 11STPCh. 3 - Prob. 12STPCh. 3 - Prob. 13STP

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