Marina had $24,500 to invest. She divided the money into three different accounts. At the...
50.1K
Verified Solution
Link Copied!
Question
Basic Math
Marina had $24,500 to invest. She divided the money into three different accounts. At the end of the year, she had made $1,300 in interest. The annual yield on each of thethree accounts was 4%, 5.5%, and 6%. If the amount of money in the 4% account was four times the amount of money in the 5.5% account, how much had she placed ineach account?
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!