An investment of $92,000 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 investmentswas $7200. The interest from the first investment was 4 times the interest from the second. Find the amounts of the three parts of the investment.The first part of the investment was $The second part of the investment was $The third part of the investment was $

Given: Total amount invested in three parts=$92000, the interest rates are 8%, 6% and 9%. The total…

Answered: An investment of $92,000 was made by a…

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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James invests $7400 in two different accounts. The first account paid 10 %, the second account paid 6 % in interest. At the end of the first year he had earned $660 in interest. How much was in each account?$ at 10 %$ at 6 %
At the beginning of the year Anna invested a portion of her $90, 000revenue from the sale of her house in an account that earns 8% annualsimple interest, and the remainder in an account that earns 9% annualsimple interest. If at the end of the year, she earned total interest of$7760, how much did she invest in each account?
In Louisiana, a pack of cigarettes costs about $4.82 plus 4% sales tax. How much would a person spend on cigarettes in a year in Louisiana if he smoked one pack of cigarettes on each of the 365 days of the year?
A shoe store marks up the price of its shoes at 130% over cost. A pair of shoes goes on sale for 15% off and then on the clearance rack for an additional 35% off. A customer walks in with a 10% off coupon good on all clearance items and buys the shoes. Express the store's profits on these shoes as a percentage of the original cost.
Antonio has a total of 4200 debt on two credit cards . One of the cards charged 1% interest per month , and the other charged 1.5% interest per month find the amount of debt on each card if he paid $57.00 interest charges for the month
Simone earned $500 doing extra chores during the summer. She put some of the money in a CD that earned 5.5%. She put twice as much in a savings account that earned 4.8%. She put the same amount that she put in the savings account into a bond fund that earned 3.7%. After one year, the three accounts made $22.50 in interest. How much did Simone put in the CD?

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