Taika invested a total of $ (a+b+c+ 900) x 1,000 into three investment accounts, paying 3%,4%, and 5% simple interest per year. The annual interest earned on the three investments was $ (c + 720) x 50. Twice as much money is invested at 3% as invested at 5%. Let x be the amount invested in the 3% account, y be the amount invested in the 4% account, and z be the amount invested in the 5% account. (a) Use the given information to write a system of linear equations for x, y, and z.
Taika invested a total of $ (a+b+c+ 900) x 1,000 into three investment accounts, paying 3%,4%, and 5% simple interest per year. The annual interest earned on the three investments was $ (c + 720) x 50. Twice as much money is invested at 3% as invested at 5%. Let x be the amount invested in the 3% account, y be the amount invested in the 4% account, and z be the amount invested in the 5% account. (a) Use the given information to write a system of linear equations for x, y, and z.
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter12: Algebra Of Matrices
Section12.CM: Cumulative Review Problem Set
Problem 115CM
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