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April 16, 2014

Homework Help: COLLEGE ALGEBRA

Posted by AMBER on Sunday, March 25, 2012 at 9:01pm.

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?

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