Patrick wins $200,000 in the Louisiana state lottery. He invests part of the money in real estate with an annual return of 3% and another part in a money market account at 2.5% interest. He invests the rest, which amounts to $80,000 less than the sum of the other two parts, in certificates of deposit that pay 1.5%. If the total annual interest on the money is $4900, how much was invested at each rate?

Transcribed Image Text:

Amount Rate Annual Invested (as a decimal) Interest 0.03 Real Estate Money Market 0.025 CDs 0.015