The Annual Interest on Sid Carrington's Three Investments Amounted to $18,200

question 105

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

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Definitions:

Snowball Sampling

A nonprobability sampling technique where existing study subjects recruit future subjects from among their acquaintances.

Network Sampling

A technique used to sample from a network, where participants are selected based on their connections or relationships within the network.

Stratified Sampling

A method of sampling that involves dividing a population into subgroups and randomly selecting samples from each of these groups.

Convenience Sampling

A sampling technique where participants are selected based on their easy availability and proximity to the researcher, potentially introducing bias.