Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN: 9781285741550
Author: James Stewart
Publisher: Cengage Learning
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Hello Class,
Imagine that you won $25,000. Great deal! You decided
to invest it (good idea!). You invested one part of it in the
Apple Valley Bank, second part in the Green Bank, and
the third part in the Blue Bank. After one year, you
received a total of $1,620 in simple interest from the
three investments. The Apple Valley Bank paid 6%
annually, the Green Bank paid 7% annually, and the Blue
Bank paid 8% annually. There was $6,000 more invested
in the Green Bank than the Blue Bank. What is the
amount you invested in each category.
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Transcribed Image Text:Hello Class, Imagine that you won $25,000. Great deal! You decided to invest it (good idea!). You invested one part of it in the Apple Valley Bank, second part in the Green Bank, and the third part in the Blue Bank. After one year, you received a total of $1,620 in simple interest from the three investments. The Apple Valley Bank paid 6% annually, the Green Bank paid 7% annually, and the Blue Bank paid 8% annually. There was $6,000 more invested in the Green Bank than the Blue Bank. What is the amount you invested in each category.
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