Okay so I know that I am over-thinking this but if someone can help me I would appreciate it.
Taylor inherited $25,000 and invested part of it in a money market account, part of it in municipal bonds, and part in a mutual fund. After one year, she received a total of $1,750 in simple interest from the three investments. The money market paid 6% annually, the bonds paid 8% annually, and the mutual funds paid 9% annually. There was $5,000 more invested in the bonds than the mutual funds. Find the amount Taylor invested in each type of investment.
Taylor inherited $25,000 and invested part of it in a money market account, part of it in municipal bonds, and part in a mutual fund. After one year, she received a total of $1,750 in simple interest from the three investments. The money market paid 6% annually, the bonds paid 8% annually, and the mutual funds paid 9% annually. There was $5,000 more invested in the bonds than the mutual funds. Find the amount Taylor invested in each type of investment.
