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

College Algebra
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ISBN:9781938168383
Author:Jay Abramson
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Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
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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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