Post a New Question

college alg HELP!

posted by on .

I cannot figure a way to do this problem:

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 third 9%. The 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.

  • college alg HELP! - ,

    let the three investment amounts be E, S, and N

    E+S+N=98000

    7500=E*.08+S*.06+N*.09
    E*.08=3*S*.06

    Three equations, three unknowns, I assume you can put the icing on.

  • college alg HELP! - ,

    I know how to set it up but I cannot get the three solutions right. I solve by addition and what not but cann't ever get the right answer!

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question