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

Elementary Algebra

17th Edition

ISBN:9780998625713

Author:Lynn Marecek, MaryAnne Anthony-Smith

Publisher:Lynn Marecek, MaryAnne Anthony-Smith

Chapter3: Math Models

Section3.3: Solve Mixture Applications

Problem 3.66TI: has $8,000 to save for his daughter’s college education. He wants to divide it between one account...

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