Question
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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.

Ask by Willis Whittaker. in the United States
Nov 22,2024

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Tutor-Verified Answer

Answer

First part: , Second part: , Third part:

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Answered by UpStudy AI and reviewed by a Professional Tutor

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:
  1. (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:
(Equation 4)
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

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