A Stockbroker Has Money in Three Accounts

question 112

Short Answer

A stockbroker has money in three accounts. The interest rates on the three accounts are 6%, 8%, and 10%. If she has twice as much money invested at 8% as she has invested at 6%, three times as much at 10% as she has at 6%, and the total interest for the year is $260, how much is invested at each rate? ( Hint : Let = the amount invested at 6%.) $ __________ invested at 6% $ __________ invested at 8% $ __________ invested at 10%

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Definitions:

Organizational Strategy

The comprehensive plan formulated by an organization to achieve its long-term goals and ensure competitive advantage.

Best Practices

The most effective and efficient methods, techniques, or processes that have been proven through research and experience to achieve optimal results.

Return On Investment

A financial metric used to evaluate the efficiency or profitability of an investment, calculated by dividing the return of an investment by its cost.

Financial Ratio

A numerical comparison derived from a company's financial statements that investors and analysts use to evaluate the company's financial health.