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Posted by on Friday, March 30, 2012 at 11:08pm.

An investment of $93,000 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 earned 6% and the third 9%. total interest from the investments was $7110. The interest from the first investment was 3 times the interest from the second. Find the amounts of the three parts of th investment??

  • word problem - , Saturday, March 31, 2012 at 8:05am

    second part --- x
    first part ---- 3x
    third part --- (93000 - x - 3x) = 93000 - 4x

    .08(3x) + .06x + .09(93000-4x) = 7110
    .24x + .06x + 8370 - .36x = 7110
    -.06x = -1260
    x = -1260/-.06 = 21000

    second investment = x = $21000
    first investment = 3x = $63000
    third investment = 93000-4x = $9000


    check:
    63000(.08) + 21000(.06) + 9000(.09) = 7110

  • what is the interest on $3,400.00 per year - , Monday, November 3, 2014 at 4:35pm

    for twenty years

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