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An Investor Has a Total of $24,000 Deposited in Three

Question 24

Multiple Choice

An investor has a total of $24,000 deposited in three different accounts, which earn annual interest rates of 9%, 7%, and 5%. The amount deposited in the 9% account is twice the amount in the 7% account. If the three accounts earn a total annual interest of $1700, how much money is deposited in each account?


A) $10,200 at 9%; $5100 at 7%; $9000 at 5%
B) $10,000 at 9%; $5000 at 7%; $8900 at 5%
C) $10,000 at 9%; $5000 at 7%; $9000 at 5%
D) $10,200 at 9%; $5100 at 7%; $8900 at 5%
E) None of the above

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