Santiago receives $126 per year in simple interest from three investments. Part is invested at 2%, part

Question:

Santiago receives $126 per year in simple interest from three investments. Part is invested at 2%, part at 3%, and part at 4%. There is $500 more invested at 3% than at 2%. The amount invested at 4% is three times the amount invested at 3%. Find the amount invested at each rate.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

College Algebra Graphs And Models

ISBN: 9780134179032

6th Edition

Authors: Marvin Bittinger, Judith Beecher, David Ellenbogen, Judith Penna

Question Posted: