Investment. A person has $100,000 to invest. If $x are invested in a money market account yielding 7% and twice that amount in certificates of deposit yielding 9%, and if the rest is invested in high-grade bonds yielding 11%, write an algebraic expression that represents the total annual income from all three investments. Simplify the expression

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter1: Expressions And Functions
Section1.4: Distributive Property
Problem 1CYU
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Investment. A person has $100,000 to invest. If $x are invested in a money market account yielding 7% and twice that amount in certificates of deposit yielding 9%, and if the rest is invested in high-grade bonds yielding 11%, write an algebraic expression that represents the total annual income from all three investments. Simplify the expression

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