Originally Posted by
slatram
I am familair with these type of problems but I am having a hard time setting it up. I would normally use mathematics but I cannot identify the variables. (ie x+y+z+?)
A student has money in three accounts that pay 5%, 7%, and 8%, in annual interest. She has three times as much invested at 8% as she does at 5%. If the total amount she has invested is $1600 and her interest for the year comes to $115, how much money does she have in each account?
Thank you in advance for your help...