An investment of $41,000 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 $3270. The interest from the first investment was 3 times the interest from the second. Find the amounts of the three parts of the investment. Question content area bottom What was the first part of the investment? second? third?
An investment of $41,000 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 $3270. The interest from the first investment was 3 times the interest from the second. Find the amounts of the three parts of the investment. Question content area bottom What was the first part of the investment? second? third?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Question
An investment of
$41,000
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
$3270.
The interest from the first investment was
3
times the interest from the second. Find the amounts of the three parts of the investment.Question content area bottom
What was the first part of the investment? second? third?
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