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What was the amount of the first part of the investment

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Reference no: EM132432522

Problem: An investment of $125,000 was made by a business club. The investment was split into three parts and lasted for 1 year. The first part of the investment earned 8% interest, the second 6%, and the third 9%. The total interest from the investments was $9090. The interest from the first investment was 2 times the interest from the second. Find the amounts of the three parts of the investment.

Required:

Question 1: What was the amount of the first part of the investment?

Question 2: What was the amount of the second part of the investment?

Question 3: What was the amount of the third part of the investment?

Reference no: EM132432522

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