Find the amounts of the three part investment

Assignment Help Mathematics

Reference no: EM13189101

an investment of $40,000 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 investments was $3060. the interest from the first investment was 2 times the interest from the second. find the amounts of the three part investment.

Reference no: EM13189101

Questions Cloud

How the sellers offer to rebate part of expense to buyers : intermediaries come from a competitive market with an equilibrium price of $8 per unit for their services, that is, any buyer or seller who wants intermediary's services must pay $8 for them. What is the maximum per unit that sellers are willing t..

Which point is the optimal solution : For the objective function Z=31x1+35x2 which we seek to maximize, which point is the optimal solution?

Identify each relationship type and write all of the busines : Identify each relationship type and write all of the business rules and create the bask Crow's Foot ERD for DealCo.

Describe two laws of exponents : Describe two laws of exponents and provide an example illustrating each law. Explain how to simplify your expression. How do the laws work with rational exponents? Provide the class with a third expression to simplify that includes rational (fract..

Find the amounts of the three part investment : total interest from investments was $3060. the interest from the first investment was 2 times the interest from the second. find the amounts of the three part investment.

Do you think industry environment is significantly different : The own price elasticity of demand for Kodak film was -2.0 and the market elasticity of demand was -1.75. Suppose that in the 1990s, the average retail price of a roll of Kodak film was $6.95 and that Kodak's marginal cost was $3.475 per roll.

How many deer are in the preserve : to determine the number of deer in a game preserve, a conservationalist catches 394 deer, tags them and lets them loose. Later, 492 deer are caught, 246 of them are tagged, How many deer are in the preserve?

How long does it take to reach 60% of the terminal velocity : How long does it take to reach 60% of the terminal velocity? (Round your answer to two decimal places.)

When the economy experiences inflation : Nominal GDP uses current prices as a measure of the value of goods and services produced, while real GDP uses prices of goods and services in a base year to measure value. Suppose an economy consists of three goods: pizza, sodas, and televisions.

User Account

All Pages