An Accountant Has Money in Three Accounts That Pay 6

question 50

Short Answer

An accountant has money in three accounts that pay 6%, 10%, and 12% in annual interest. He has twice as much invested at 6% as he does at 10% and three times as much invested at 12% as he does at 10%. If the total interest from the three accounts if $232 for the year, how much is invested at each rate? ( Hint : Let = the amount invested at 10%.) $ __________ invested at 6% $ __________ invested at 10% $ __________ invested at 12%

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Definitions:

Probability

The quantifying of an event's chance of occurring with a value between 0 and 1.

Maximum Count

The highest number of occurrences or values in a given set or series.

Ace of Spades

A specific playing card in a deck, often distinguished by a unique design and regarded as the highest card in the suit of spades.

Probability

A statistical measure quantifying the chance that an event will occur, evaluated as a value between 0 (never occurs) and 1 (always occurs).