Question
An investment of
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
interest, the
second
, and the third
. Total interest from the investments was
. The interest
from the first investment was 6 times the interest from the second. Find the amounts of the
three parts of the investment.
three parts and lasted for one year. The first part of the investment earned
second
from the first investment was 6 times the interest from the second. Find the amounts of the
three parts of the investment.
Ask by Willis Whittaker. in the United States
Nov 22,2024
Upstudy AI Solution
Tutor-Verified Answer
Answer
First part:
, Second part:
, Third part:
Solution

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The Deep Dive
Let’s denote the three parts of the investment as
,
, and
where:
-
: amount invested at -
: amount invested at -
: amount invested at
Based on the information provided, we have three equations:
-
-
-
(which simplifies to )
Now we can substitute
from the third equation into the first two equations.
From the third equation:
Substituting
in the first equation:
Now substitute
and
in the second equation:
This simplifies to:
Combining like terms gives:
So,
Now, substituting
back to find
and
:
And from Equation 4:
Finally, the amounts of the three parts of the investment are:
Thus, the investment amounts are:
-
at -
at -
at