A man invests
$3700
in three accounts that pay
5%,
6%
, and
7%
in annual interest, respectively. He has
3
times as much invested at
7%
than he does at
5%
. If his total interest for the year is
$234
, how much is invested at each rate?
First account $3700 at 7% Interest annually = $259.00 Second account $3700 at 6% interest annually = $222.00 Thirs account $3700 at 5% interest annually = $185.00
He has 3 times as much invested at 7% than he does at 5%. If his total interest for the year is $234, how much is invested at each rate? Doesn't make any sense - please rephrase.
