An investment of $53,000 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 $4050. The interest from the first investment was 4 times the interest from the second. Find the amounts of the three
 👍
 👎
 👁
 ℹ️
 🚩
1 answer

.08 a + .06 b + .09 c = 4050
a + b + c = 53,000
.08 a = 4 * .06b
================
a = .24 b / .08 = 3 b
so
4 b + c = 53,000
c = 53,000  4 b
so
.08 a + .06 b + .09 c = 4050
is now
.08 (3b) + .06 b + .09 (53,000 4b) = 4050
solve for b and go back for a and c 👍
 👎
 ℹ️
 🚩
Anonymous
Answer this Question
Related Questions

Economics
1. Which of the following is an example of foreign portfolio investment? A business owner in the United Kingdom purchases a United States business. An investor in the United Kingdom purchases stock issued by a United States corporation.

Algebra
Following the birth of a child, a parent wants to make an initial investment P 0 that will grow to $70,000 for the child's education at age 19. Interest is compounded continuously at 6%. What should the initial investment be? Such an amount

math
Use the TVM Solver to calculate the amount you should make in monthly payments into an investment account if you want to have $1,000,000 in 60 years. The account pays 3.9% interest compunded monthly and you will make an intial investment of $25,000

Social Studies
Which policy might most help North Korea develop economically? A. more investment in the miltiary B. more government control C. more investment in citizens D. more trade sanctions please help this is due today and i can’t find anything on it to help me.

Algebra
Solving Inequalities Portfolio – Unit 4 Make sure you answer each part of each task. Label each answer with the letter that corresponds to it. Task 1 You can pick any amount of money you want to invest, but keep it logical. I doubt if you have 1 million

Math
Suppose an investment of $2,300 doubles in value every decade. The function F(X)= 2300 * 2^X gives the value of the investment after x decades. How much is the investment worth after 2 decades? A.)$2,355,200 B.)$92,000 C.)$46,000 D.)$9,200 I think the

Math
An investment is worth $3518 in 1995. By 2000 it has grown to $5553. Let y be the value of the investment in the year x, where x = 0 represents 1995. Write a linear equation that models the value of the investment in the year x. A. y = 407x + 7588 B. y

Math Problem (please help)
The simple interest on an investment is directly proportional to the amount of the investment. By investing $4250 in a certain bond issue, you obtained an interest payment of $106.25 after 1 year. Find a mathematical model that gives the interest I for

math
Mr. X invested a part of his investment in 10% bond A and a part in 15% bond B. His interest income during the first year is Rs.4,000. If he invests 20% more in10% bond A and 10 % more in 15% bond B, his income during the second year increases by Rs.500.

Algebra 1 Help please
Belinda wants to invest $1000. The table below shows the value of her investment under two different options for three different years: Number of years 1 2 3 Option 1 (amount in dollars) 1100 1210 1331 Option 2 (amount in dollars) 1100 1200 1300 Part A:

fnite math
Juan invested $24,000 in a mutual fund 5 years ago. Today his investment is worth $34,616. Find the effective annual rate of return on his investment over the 5year period.

Finite Math
Juan invested $24,000 in a mutual fund 5 years ago. Today his investment is worth $34,616. Find the effective annual rate of return on his investment over the 5year period.

finance
4. a. Someone in the 36 percent tax bracket can earn 9 percent annually on her investments in a taxexempt IRA account. What will be the value of a onetime $10,000 investment in 5 years? 10 years? 20 years? b. Suppose the preceding 9 percent return is

math
Maxwell purchased $15,000 worth of 52week TBills for $14,650. What will the rate of return be on his investment? Did I set the equation right? A= 15,000 P=14,650 t=52 weeks r=? 15,000=14650(1+r*52)

math
Obtain exponential functions in the form f(t) = Aert, if f(t) is the value after t years of a $9,000 investment depreciating continuously at an annual rate of 8.5%. f(t) = 1

Math
A retired couple needs $12,000 per year in income to supplement their Social Security. They have $150,000 to invest to obtain this income. They have decided on two investment options: AA bonds yielding 10% per annum and a bank CD yielding 5%. (a) How much

Math Final *Updated* Since no one knew what it was
8. Suppose an investment of $5,000 doubles every 12 years. How much is the investment worth after 36 years? After 48 years? Write and solve an exponential equation

Math
An investor receives a total of Rs.5,700 per annum in interest from 3 stocks yielding 4%, 5% and 8% per annum respectively. The amount at 4% is Rs.20,000 more than the amount invested at 5%, and the interest from the 8% investment is 8 times the interest

present value
An investment pays you $20,000 at the end of this year, and $10,000 at the end of each of the four following years. What is the present value (PV) of this investment, given that the interest rate is 4% per year?

Finance
Newdex has net income of $2,500,000 and 1,000,000 shares outstanding. It needs to raise $3,610,000 in funds for a new asset. Its investment banker plans to sell an issue of common stock to the public for $40 per share, less a spread of 5%. How much must
Still need help?
You can ask a new question or browse existing questions.