## Related questions with answers

Question

An inheritance of $\$24,000$ is to be divided among three trusts, with the second trust receiving twice as much as the first trust. The three trusts pay interest at the rates of $9\%$, $10\%$, and $6\%$ annually respectively, and return a total in interest of $\$2210$ at the end of the first year. How much was invested in each trust?

Solution

VerifiedStep 1

1 of 6$3x+y=24000$....(1)

Say the first trust Receives x, the second will receive 2x, and say the third gets y Total amount = 2x+x+y

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