Deposited in three accounts


A sum of $1,000 is deposited in three accounts, earning 4%, 6% and 8% simple interest. After one year, the total interest earned is $70.

a) Set up the system of two equations in three variables, and employ your calculator to rewrite this system in reduced row echelon format

b) If $600 is deposited at 8%, how much was deposited at 4%?

c) Determine the maxiumum amount that can be deposited at 8% in order for the initial conditions to remain true?

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Mathematics: Deposited in three accounts
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