You invest in bonds yielding an interest rate of 2.2 percent, utility stock yielding an interest rate of 4.1 percent, and a bank certificate yielding an interest rate of 7.75 percent. The total interest earned in all three accounts in one year was $5,232.80 dollars. The amount allocated to the bonds was 200 less than the amount allocated to the bank certificate, and the amount allocated to the utility stock was 4 times the amount allocated to the bonds. What was the total amount of money the person had to invest? The total amount invested was $

You invest in bonds yielding an interest rate of 2.2 percent, utility stock yielding an interest rate of 4.1 percent, and a bank certificate yielding an interest rate of 7.75 percent. The total interest earned in all three accounts in one year was $5,232.80 dollars. The amount allocated to the bonds was 200 less than the amount allocated to the bank certificate, and the amount allocated to the utility stock was 4 times the amount allocated to the bonds. What was the total amount of money the person had to invest? The total amount invested was $

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter6: Systems Of Linear Equations And Inequalities

Section6.1: Graphing Systems Of Equations

Problem 59PFA

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