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Question

An inheritance of $24,000\$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%9\%, 10%10\%, and 6%6\% annually respectively, and return a total in interest of $2210\$2210 at the end of the first year. How much was invested in each trust?

Solution

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3x+y=240003x+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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