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December 20, 2014

Homework Help: Math - PreCalc (12th Grade)

Posted by Shawna on Wednesday, March 19, 2014 at 10:26am.

Jake has decided upon three business ventures to invest in. The total cost of investing in all three ventures will be $15,000. Investing in the first venture will cost $3,000 more than investing in both the second and the third venture. According to Jake’s research, his investment in the first venture will triple after three months, and the investments in the other two ventures will double in the same period, taking the total valuation of his investments to $30,000. What is the investment Jake will be making for each of these three ventures?

A) first venture: $9,000
second venture: $4,000
third venture: $2,000

B) first venture: $9,000
second venture: $2,000
third venture: $4,000

C) first venture: $8,000
second venture: $3,500
third venture: $3,500

D) first venture: $10,000
second venture: $4,000
third venture: $1,000

E) first venture: $8,000
second venture: $3,000
third venture: $1,000

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