The annual returns on Jose's three investments amounted to $21,600: 6% on a savings account, 8% on mutual funds, and 12% on bonds. The amount of Jose's investmentS in bonds was twice the amount of his investment in the savings account, and the interest earned from his investment in bonds was equal to the dividends (return)E received from his investment in mutual fune Find how much money he placed in each ty of investment.

The annual returns on Jose's three investments amounted to $21,600: 6% on a savings account, 8% on mutual funds, and 12% on bonds. The amount of Jose's investmentS in bonds was twice the amount of his investment in the savings account, and the interest earned from his investment in bonds was equal to the dividends (return)E received from his investment in mutual fune Find how much money he placed in each ty of investment.

Algebra for College Students

10th Edition

ISBN:9781285195780

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter8: Functions

Section8.7: Direct And Inverse Variation

Problem 36PS

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