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An investment of ?$71,000 was made by a business club. The investment was split into three...

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Basic Math

An investment of ?$71,000 was made by a business club. Theinvestment was split into three parts and lasted for one year. Thefirst part of the investment earned? 8% interest, the second? 6%,and the third? 9%. Total interest from the investments was$5490.??The interest from the first investment was 6 times theinterest from the second. Find the amounts of the three parts ofthe investment.

Answer & Explanation Solved by verified expert
3.9 Ratings (431 Votes)
Let Amount offirst part of the investment x Amount ofsecond part of the investment y Amount ofthird part of the investment z Since investment was of 71000 set up    See Answer
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