Problema Solution
A person invested $24,000 in three funds paying 5%,7%,and 9% simple interest. The total interest from these 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? Use a system of equations with the information given and solve. Please explain all steps.
Answer provided by our tutors
let invested money rsp. be x,y,z
atts x+200=y+z
and x+y+z=24000
and 5x/100+7y/100+9z/100=2600
now solve them..x=11900
solve for y and z