Question
An investment of $44,000 was made by a business club. The investment was split into three parts and lasted for one year. The first part
An investment of $44,000was made by a business club. The investment was split into three parts and lasted for one year. The first part of the investment earned8% interest, the second6%, and the third9%. Total interest from the investments was $ 3600.
The interest from the first investment was 4 times the interest from the second. Find the amounts of the three parts of the investment.
What is the amount of the first part of theinvestment? $ What is the amount of the secondpart of theinvestment? $ What is the amount of the third part of theinvestment? $
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