An investment of $98,000 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 $7620. The interest from the first investment was 6 times the interest from the second. Find the amounts of the three parts of the investment. The first part of the investment was

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter6: Systems Of Linear Equations And Inequalities
Section6.1: Graphing Systems Of Equations
Problem 59PFA
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An investment of $98,000 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 $7620.
The interest from the first investment was 6 times the interest from the second.
Find the amounts of the three parts of the investment.
The first part of the investment was
Transcribed Image Text:An investment of $98,000 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 $7620. The interest from the first investment was 6 times the interest from the second. Find the amounts of the three parts of the investment. The first part of the investment was
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