Solve the problem.Lexie wants to have an income of $9000 per year from investments. To that end she is going to invest $90,000 in three different accounts. These accounts pay 7%, 10%, and 14% simple interest. If she wants to have $10,000 more in the account paying 7% simple interest than she has in the account paying 14% simple interest, how much should go into each account?

Question

What will be an ideal response?

Answer 1

$40,000 at 7%, $20,000 at 10%, $30,000 at 14%