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Problem 64

You inherit one hundred thousand dollars. You inv…

05:49
Problem 63

You inherit one million dollars. You invest it all in three accounts for one year. The first account pays
3$\%$ compounded annually, the second account pays 4$\%$ compounded annually, and the third account pays 2$\%$ compounded annually. After one year, you earn $\$ 34,000$ in interest. If you invest four times the money into the account that pays 3$\%$ compared to 2$\%$ , how much did you invest in each account?

Answer

last year's cost of BMW is $\$ 49,636,$ cost of Jeep is $\$ 42,636$ and cost of Toyota is $\$ 47,728$


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Video Transcript

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