An investment of $124,000 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 $9480. The interest from the first investment was 3 times the interest from the second. Find the amounts of the three parts
An investment of $124,000 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 $9480. The interest from the first investment was 3 times the interest from the second. Find the amounts of the three parts
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 58SE: Keisha devised a week-long study plan to prepare for finals. On the first day, she plans to study...
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An investment of
$124,000
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
$9480.
The interest from the first investment was
3
times the interest from the second. Find the amounts of the three parts of the investment.
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