An investment of $140,000 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 $10440. The interest from the first investment was 2 times the interest from the second. Find the amounts of the three parts of the investment.
Equations and Inequations
Equations and inequalities describe the relationship between two mathematical expressions.
Linear Functions
A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.
An investment of $140,000 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 $10440. The interest from the first investment was 2 times the interest from the second. Find the amounts of the three parts of the investment.
Trending now
This is a popular solution!
Step by step
Solved in 5 steps with 2 images
