Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

oo T-Mobile LTE 7:08 PM L 4 >B 43% [E' H mathxlcom CS MBA-501-Q3216-1 7 I W Jeremy Drake & I 3/14/17 7:07 PM This

oo T-Mobile LTE 7:08 PM L 4 >B 43% [E' H mathxlcom CS MBA-501-Q3216-1 7 I W Jeremy Drake & I 3/14/17 7:07 PM This Question: 1 pt 5 of 25 This Test: 25 pts possible EE Question Help 0 An investment of $58,000 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%. Total interest from the investments was $4500. 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 the investment? SD What is the amount of the second part of the investment? $I:I What is the amount of the third part of the investment? $I:] Enter your answer in each of the answer boxes. Save for Later { > < fi fi

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Linear Algebra A Modern Introduction

Authors: David Poole

4th edition

1285463242, 978-1285982830, 1285982835, 978-1285463247

More Books

Students also viewed these Mathematics questions

Question

\f\f\f

Answered: 1 week ago