*5. An investment of $34,000 was made by a business club. The investment was split into three parts and lasted for one year. The first part of the investment earned 8% interest, the second 6%, and the third 9%. Total interest from the investments was $2700. The interest from the first investment was 4 times the interest from the second. Find the amounts of the three parts of the investment. What is the amount of the first part of the investment? $ What is the amount of the second part of the investment? $ What is the amount of the third part of the investment? $

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter5: Systems Of Equations And Inequalities
Section5.2: Systems Of Linear Equations In Several Variables
Problem 40E
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*5. An investment of $34,000 was made by a business club. The investment was split into
three parts and lasted for one year. The first part of the investment earned 8% interest,
the second 6%, and the third 9%. Total interest from the investments was $2700. The
interest from the first investment was 4 times the interest from the second. Find the
amounts of the three parts of the investment.
What is the amount of the first part of the investment? $
What is the amount of the second part of the investment? $
What is the amount of the third part of the investment? $
Transcribed Image Text:*5. An investment of $34,000 was made by a business club. The investment was split into three parts and lasted for one year. The first part of the investment earned 8% interest, the second 6%, and the third 9%. Total interest from the investments was $2700. The interest from the first investment was 4 times the interest from the second. Find the amounts of the three parts of the investment. What is the amount of the first part of the investment? $ What is the amount of the second part of the investment? $ What is the amount of the third part of the investment? $
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