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:

Negative Affect

A subjective feeling of distress and unpleasant emotions, such as sadness, anxiety, and anger.

Restless

Characterized by an inability to stay still or at ease, often due to anxiety or boredom.

Longitudinal Study

Study designed to assess age changes in a sample over time.

Negative Emotions

Feelings that are generally considered to be unpleasant or undesirable, such as sadness, anger, fear, or jealousy.