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 $7560. The interest from the first investment was 3 times the interest from the second. Find the amounts of the three parts of the investment. The first part of the investment was $

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter4: Systems Of Linear Equations
Section4.4: Solve Systems Of Equations With Three Variables
Problem 4.72TI: The community college soccer team sold three kinds of tickets to its latest game. The adult tickets...
icon
Related questions
Topic Video
Question

picture uplaod of question

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 $7560. The interest from the first investment was 3 times the interest from the
second. Find the amounts of the three parts of the investment.
The first part of the investment was $
Enter your answer in the answer box and then click Check Answer.
?
parts
remaining
Clear All
Check Answer
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 $7560. The interest from the first investment was 3 times the interest from the second. Find the amounts of the three parts of the investment. The first part of the investment was $ Enter your answer in the answer box and then click Check Answer. ? parts remaining Clear All Check Answer
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 4 images

Blurred answer
Knowledge Booster
Quadrilaterals
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, calculus and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Algebra for College Students
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax