Posted by AMBER on .
An investment of $63,000 was made by a business club. The investment was split into three parts and lasted one year. The first part of the investment earned 8% interest, the second 6% and the third 9%. Total interest from the investments was $4950. The interest from the investment was 4 times the interest from the second. Find totals of the three parts of the investment. What is the amount of the first part of the investment?
COLLEGE ALGEBRA -
the initial investment of $3000 earns 7% interest compounded continuously. what will the investment be worth in 20 years?