Solution-Find the amounts of the three parts of the

Find the amounts of the three parts of the investment

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Reference no: EM131361567

An investment of $92,000 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 $7200. The interest from the first investment was 4 times the interest from the second. Find the amounts of the three parts of the investment.

Reference no: EM131361567

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Find the amounts of the three parts of the investment

Reference no: EM131361567

Reference no: EM131361567

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