Solved

Part of $5,000 Is Invested at 9%, Another Part at 10

Question 21

Short Answer

Part of $5,000 is invested at 9%, another part at 10%, and the remainder at 11% yearly interest. The total yearly income from the three investments is $505. The sum of the amounts invested at 9% and 10% equals the amount invested at 11%. How much is invested at each rate? Please enter your answer as an ordered triple ( x , y , z ), where x , y , z are the amounts invested at 9%, 10%, and 11%, respectively. Please do not include units in your answer. $__________, $__________, $__________

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions