Problema Solution

A person invested $42,000 in three funds paying 5%, 7%, and 9% simple interest. The total annual interest from thes investments was $2,600. The amount of money invested at 5% was $200 less than the amount invested at 7% and 9% combined. How much was invested in each fund?

Set up a system of equations using the info to solve. Check your solutions.

Answer provided by our tutors

let invested money rsp.  be x,y,z

atts x+200=y+z

and x+y+z=42000

and 5x/100+7y/100+9z/100=2600

now solve them..x=20900

z=3900

y=17200