Glenn has a total of $11,600 invested in three accounts: a savings account paying 6% interest, a stock paying 8%, and a mutual fund paying 10%. The annual interest from the stock and mutual fund is twice that from the savings account, and the mutual fund returned $120 more than the stock. How much did Glenn invest in each account? Use Cramer’s rule.

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03-11-2022
Mathematics

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Glenn has a total of $11,600 invested in three accounts: a savings account paying 6% interest, a stock paying 8%, and a mutual fund paying 10%. The annual interest from the stock and mutual fund is twice that from the savings account, and the mutual fund returned $120 more than the stock. How much did Glenn invest in each account? Use Cramer’s rule.

Sagot :

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