Question: Susan placed $ 5 , 3 0 0 into three investments: Account A paid 1 0 % simple interest, Account B paid 1 2 %

Susan placed $5,300 into three investments: Account A paid 10% simple interest, Account B paid 12% simple interest, and Account C paid 18% simple interest. The total interest earned after one year is $738. If the amount of money placed in Account C is $600 more than the amount placed in Account B, find the amount of each investment in dollars.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

Assignment help. Maths 251: Mathematics of Finance Homework 2 - Due at beginning of class on Monday, September 11 Each problem is worth one point. Please show all of your work. You do not have to...

Q:

ate problem usin First account Second account 0 Espanc Last year Boris had 10 000 to invest He invested some of it in an account that paid 7 simple interest per year and he invested the rest in an...

Q:

Last year, Amanda had $20,000 to invest. She invested some of it in an account that paid 5% simple interest per year, and she invested the rest in an account that paid 9% simple interest per year....

Q:

Based on the attached annual report for Barnes and Noble: What is the ratio of total liability and minority interest to total assets for the last two years How does B&N look considering anything over...

Q:

ADDITIONAL STOCKHOLDERS' EQUITY TRANSACTIONS 195 COMPARATIVE COUNION- SIZE INCOME STATEMENTS For the Years Ended Dec. 31, 2009. Dec. 31, 2007 , and Dec. 31, 200 0 20 0^ 20 0 0 2007 20,0 0 2008 48....

Q:

ADDITIONAL STOCKHOLDERS' EQUITY TRANSACTIONS 195 COMPARATIVE COUNION- SIZE INCOME STATEMENTS For the Years Ended Dec. 31, 2009. Dec. 31, 2007 , and Dec. 31, 200 0 20 0^ 20 0 0 2007 20,0 0 2008 48....

Q:

ADDITIONAL STOCKHOLDERS' EQUITY TRANSACTIONS 195 COMPARATIVE COUNION- SIZE INCOME STATEMENTS For the Years Ended Dec. 31, 2009. Dec. 31, 2007 , and Dec. 31, 200 0 20 0^ 20 0 0 2007 20,0 0 2008 48....

Q:

pleae Answer A,B,C, D counts Pi $90,000 Land S0) On February 22, ABC acquired 200 shares of its $5 par value common stock for $25 each. On March 15, the company reissued 70 shares for $30 cach. What...

Q:

The requirements are in world file. The pdf file includes the case. Only one-page write. Answer following questions and write one page (double space) What are the challenges of exiting private equity...

Q:

Required: 1. Determine the maturity date for each of the three notes described. 2. Determine the interest due at maturity for each of the three notes. (Do not round your intermediate calculations....

Q:

Determine whether the statement is TRUE OR FALSE: 1) Purchase returns refer to merchandise a buyer purchases but then returns to the seller. 2) Credit terms of 2/10, n/30 imply that the seller offers...

Q:

A business combination is "a transaction or other event in which an acquirer obtains control of one or more businesses * (2 Points) yes no

Q:

5. Does your company have any core competencies? If so, what are they?

Q:

CT Corp Comprehensive Question Canadian Tire Corporation, Limited ( Canadian Tire ) is a family of companies that includes a retail segment and a financial services division, among others. The retail...

Q:

4. The next time you read somethinga magazine article, a political blog, a work of nonfiction, a chapter in a textbooktake time to think about the research presented in it. What kinds of research did...

Q:

2 Was Viswanathans apology statement appropriate? What kinds of steps could Tivya take to address her mistake? Should she tell her instructor? Should you?

Q:

2. Tune in to a few news punditsfor example, Bill OReilly, Rachel Maddow, Randi Rhodes, or Rush Limbaughon the radio or on television. Listen carefully to what they say, and consider how they back up...