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April 19, 2014

Homework Help: Precalc

Posted by Kai on Wednesday, November 28, 2012 at 8:56pm.

An investment of $37,000 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 the third 9%. Total interest from the investments was $3030. The interest from the first investment was 6 times the interest from the second. Find the amounts of the three parts of the investment.

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