Essay
The annual interest on Sid Carrington's three investments amounted to $18,200: 4% on a savings account, 6% on mutual funds, and 8% on bonds. If the amount of Sid's investment in bonds was triple the amount of his investment in the savings account, and the interest earned from his investment in bonds was equal to the dividends he received from his investment in mutual funds, find how much money he placed in each type of investment.
$__________ in a savings account
$__________ in mutual funds
$__________ in bonds
Correct Answer:
Verified
Correct Answer:
Verified
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