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

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

You inherit one hundred thousand dollars. You invest it all in three accounts for one year. The first account pays 4% compounded annually, the second account pays 3% compounded annually, and the third account pays 2% compounded annually. After one year, you earn $3,650 in interest. If you invest five times the money in the account that pays 4% compared to 3%, how much did you invest in each account?

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Precalculus

ISBN: 9781938168345

1st Edition

Authors: Jay Abramson

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