A Stockbroker Has Money in Three Accounts

question 224

Essay

A stockbroker has money in three accounts. The interest rates on the three accounts are 6%, 8%, and 14%. If she has twice as much money invested at 8% as she has invested at 6%, three times as much at 14% as she has at 6%, and the total interest for the year is $416, how much is invested at each rate? ( Hint : Let = the amount invested at 6%.)$ __________ invested at 6% $ __________ invested at 8% $ __________ invested at 14%

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Definitions:

Identical Twin

Monozygotic twins who develop from a single fertilized egg, sharing 100% of their genes.

Biological Parent

The parent who contributes the genetic material to the offspring, either through natural conception or genetic contribution in assisted reproduction.

Schizophrenia

A complex, chronic mental health disorder characterized by disturbances in thought, perception, emotions, and behavior.

Hypochondriasis

A psychological disorder characterized by excessive preoccupation with the fear of having a serious disease, despite medical reassurance otherwise.