question archive Naugatuck Valley Community College MATH 123  Kelly has M$= 24000 to invest

Naugatuck Valley Community College MATH 123  Kelly has M$= 24000 to invest

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Naugatuck Valley Community College MATH 123 

Kelly has M$= 24000 to invest. She wants to diversify into three investments: the first one yields p1= 3% simple interest, the second one yields p2=6% simple interest. The third one yields p3=8% simple interest. Kelly wishes to earn $r= 1347.90 per year income. Also she wants her investment into the first option to be $N=3000 more than her investment in the third one. How much money should Kelly place in each investment?

She has to place

____ into the first choice

____ into the second choice

____ into the third choice

round to the nearest integer.

 

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