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Amounts of the three parts of the investment

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Reference no: EM131361560

An investment of $44,000 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 $ 3600.

The interest from the first investment was 4 times the interest from the second. Find the amounts of the three parts of the investment.

  • What is the amount of the first part of the investment? $
  • What is the amount of the second part of the investment? $
  • What is the amount of the third part of the investment? $

Reference no: EM131361560

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