The controller (money manager) for a small company puts some money in a bank account paying 3% per year. He uses some additional money, amounting to 1/3 the amount placed in the bank, to buy bonds paying 4% per year. With the balance of the funds, he buys a 10% certificate of deposit. The first year the investments bring a return of $676. If the total of the investments is $10,000 how much is invested at each rate?

The amount in the bank account s $?, the amount in the bonds is $?, and the amount in the certificate of deposit is $?

Answer rating: 100% (QA)

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