Problema Solution
a sum of $50,000 is invested in three accounts that pay 6%, 8%, and 10% annual interest rate. Twice as much money is invested in the account paying 10% interest as the account paying 6% and the total annual interest earned from all three accounts is $3,842. Determine the initial deposit in each account
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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