## Elena receives ​$131 per year in simple interest from three investments totaling ​$3000. Part is invested at​ 3%, part at​ 4% and part at​ 5

Question

Elena receives ​$131 per year in simple interest from three investments totaling ​$3000. Part is invested at​ 3%, part at​ 4% and part at​ 5%. There is ​$1000 more invested at​ 5% than at​ 4%. Find the amount invested at each rate. The amount invested at​ 3% is ​$___ the amount invested at​ 4% is ​$___ , and the amount invested at​ 5% is ​$___

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5 months 2021-08-19T04:41:54+00:00 1 Answers 2 views 0

Elena invested $1,700 at 5%,$ 700 at 4%, and $600 at 3%. Step-by-step explanation: Given that Elena receives$ 131 per year in simple interest from three investments totaling $3000, and part is invested at 3%, part at 4% and part at 5%, and there is$ 1000 more invested at 5% than at 4%, to find the amount invested at each rate, the following calculations must be performed:
Therefore, Elena invested $1,700 at 5%,$ 700 at 4%, and \$ 600 at 3%