Problema Solution
a sum of $50,000 is invested into three accounts that pay 6%, 8%, and 10% annual interest rate. twice as much money is invested in the account paying 10% as the account paying 6% and the total annual interest earned from all three accounts is 3,842 convert to system of equations.
Answer provided by our tutors
To solve this you just need to set it up as an problem
a=0.06.
b=0.08
c=0.1
50000=a+b+c
3842=0.06a+0.08b+0.1c
2a +a +c=50000
Then solve that and you will have your answer.
Let me know if you need more.
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