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Klio2033 [76]
2 years ago
13

a company placed 1,000,000 in three different accounts. it placed part n short-term notes paying 4.5% per year, twice as much in

government bonds paying 5% and the rest in utility bonds paying 4%. the income after one year was 45,500. how did the company place in each account
Mathematics
1 answer:
Nat2105 [25]2 years ago
3 0
N*0.045+2n*0,050+(1,000,000-3n)*0,040=45,500
n*0.145-n*0.120=45,500-40,000
n*0.025=5,500
n=5,500/0.025
n=220,000  in <span>short-term notes paying 4.5%
2n=440.000  </span>in government bonds paying 5%
1,000,000-3n=1,000,000-660,000=440,000  in utility bonds paying 4%  




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