A person invested $6900 for 1 year, part at 5%, part at 11%, and the remainder at 13%. The total annual income from these investments was $749. The amount of money invested at 13% was $500 more than the amounts invested at 5% and 11% combined. Find the amount invested at each rate. ..... The person invested Sat 5%, S at 11%, and $ at 13%. ork

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter3: Solving Equation And Problems
Section3.7: Costs, Income, And Value Problems
Problem 17P
icon
Related questions
Question
A person invested $6900 for 1 year, part at 5%, part at 11%, and the remainder at 13%. The total annual income from these investments was $749 The amount
of money invested at 13% was $500 more than the amounts invested at 5% and 11% combined. Find the amount invested at each rate.
The person invested S at 5%, Sat 11%, and S at 13%.
Nork
rent S
Transcribed Image Text:A person invested $6900 for 1 year, part at 5%, part at 11%, and the remainder at 13%. The total annual income from these investments was $749 The amount of money invested at 13% was $500 more than the amounts invested at 5% and 11% combined. Find the amount invested at each rate. The person invested S at 5%, Sat 11%, and S at 13%. Nork rent S
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 5 steps with 28 images

Blurred answer
Similar questions
Recommended textbooks for you
Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell
Elementary Algebra
Elementary Algebra
Algebra
ISBN:
9780998625713
Author:
Lynn Marecek, MaryAnne Anthony-Smith
Publisher:
OpenStax - Rice University
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning