Wanda has decided to divide her $50,000 investment between three simple interest accounts. She placed $35,000 into an account that pays 8 percent. She invests half of the remaining money into an account that pays 10.5 percent and the other half into a 14 percent account. If she leaves the money alone for seven years, how much money will she have in total?

Question

Nadia Hammond

15 January, 10:11

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Kathleen Fitzgerald · Answer 1

A=p (1+rt)

A=35,000 * (1+0.08*7) + 7,500 * (1+0.105*7) + 7,500 * (1+0.14*7) = 82,462.5