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There are three credit card accounts open. Account 1: 986.58 balance and an interest rate of 32 % Account 2 5951.58 balance and an interest
There are three credit card accounts open. Account 1: 986.58 balance and an interest rate of 32 % Account 2 5951.58 balance and an interest rate of 25 % Account 3: 2497 balance and an interest rate of 30 % holder of the account has 3000 available in total to pay down these accounts. Question: What is the equation (algebra or calculus), that can best describe the optimal distribution of the funds? Optimal defined as producing the largest savings in interest charges possible, accross all acounts, given the $3000 constraint
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