229k views
4 votes
An investment of ​$125,000 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 $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.

User Vbullinger
by
7.8k points

1 Answer

3 votes
Let x, y , z be the two three investments.

x+y+z=125,000.

0.08x+0.06y+0.09z=9090.

8x+6y+9z=909000.

0.08x=2*0.06y.

8x=12y.

2x=3y.

By solving above three equations

9x+9y+9z=1125,000

8x+6y+9z=909000. By subtracting

x+3y=216000.

x+2x=216000.

3x=216000.

x=$72000.

y=2*72000/3

y=$48000.

z=125000-72000-48000

z=$5000.
User StezPet
by
8.5k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories