Mathematics Clinic > Grade 11 and 12 Mathematics

Lexie wants to have an income of $9000 per year from investments. To that end she ...

(1/1)

pragya sharda:
Solve the problem.

Lexie wants to have an income of $9000 per year from investments. To that end she is going to invest $90,000 in three different accounts. These accounts pay 7%, 10%, and 14% simple interest. If she wants to have $10,000 more in the account paying 7% simple interest than she has in the account paying 14% simple interest, how much should go into each account?

dellikani2015:
$40,000 at 7%, $20,000 at 10%, $30,000 at 14%

Zoya Syed:
Thank You

ll kk:
Thank you

Navigation

[0] Message Index

Go to full version