an investment of $76,000 was made by a business club. The investment was split into...

80.2K

Verified Solution

Question

Finance

an investment of $76,000 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 third 9%. The total interest from the investments was $5940. The interest from the first investment was six times the interest from the second find the amount of the three parts of the investment.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students