For the following exercises, solve the system for x, y, and z. You inherit one million dollars.

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For the following exercises, solve the system for x, y, and z.

You inherit one million dollars. You invest it all in three accounts for one year. The first account pays 3% compounded annually, the second account pays 4% compounded annually, and the third account pays 2% compounded annually. After one year, you earn $34,000 in interest. If you invest four times the money into the account that pays 3% compared to 2%, how much did you invest in each account?

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Precalculus

ISBN: 9781938168345

1st Edition

Authors: Jay Abramson

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