An investment of $36,000 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 $2820 The interest from the first investment was 3 times the interest from the second. Find the amounts of the three parts of the investment. The First part of the investment was $______

Respuesta :

Given:

The total investment = $36000.

The interest rate of the first investment = 8%.

The interest rate of the second investment = 6%.

The interest rate of the third investment = 9%.

The total interest = $ 2820.

The interest from the first investment was 3 times the interest from the second.

Required:

We need to find the amounts of the three parts of the investment.

Explanation:

Let x, y, and z be the amounts of the three parts of the investment.

The total investment = $36000.

[tex]x+y+z=36000[/tex]

The total interest = $ 2820.

[tex]8\text{\% of x +6 \% of y + 9 \% of z = 2820}[/tex][tex]\frac{8}{100}x+\frac{6}{100}y+\frac{9}{100}z=2820[/tex][tex]0.08x+0.06y+0.09z=2820[/tex]

The interest from the first investment was 3 times the interest from the second.

[tex]0.08x=3\times0.06y[/tex]

[tex]0.08x=0.18y[/tex]

Divide both sides by 0.08.

[tex]\frac{0.08x}{0.08}=\frac{0.18y}{0.08}[/tex]

[tex]x=2.25y[/tex]

[tex]Substitute\text{ x=2.25y in the equation }0.08x+0.06y+0.09z=2820.[/tex]

[tex]0.08(2.25y)+0.06y+0.09z=2820[/tex]

[tex]0.18y+0.06y+0.09z=2820[/tex]

[tex]0.24y+0.09z=2820[/tex]

[tex]0.09z=2820-0.24y[/tex]

Divide both sides by 0.09.

[tex]\frac{0.09z}{0.09}=\frac{2820}{0.09}-\frac{0.24y}{0.09}[/tex]

[tex]z=31333.33-2.67y[/tex]

[tex]Substitute\text{ x =2.25y and z=31333.33y-2.67y in the equation }x+y+z=36000.[/tex][tex]2.25y+y+31333.33-2.67y=36000[/tex]

[tex]2.25y+y-2.67y=36000-31333.33[/tex]

[tex]0.58y=4666.67[/tex]

Divide both sides by 0.58.

[tex]\frac{0.58y}{0.58}=\frac{4666.67}{0.58}[/tex][tex]y=8045.98[/tex]

[tex]Substitute\text{ y =8045.98 in the equation }x=2.25y.[/tex][tex]x=2.25\times8045.98[/tex]

[tex]x=18103.46[/tex]

[tex]Substitute\text{ }x=18103.46\text{, and y =8045.98 in the equation x+y+z=36000.}[/tex][tex]18103.46+8045.98+z=36000[/tex]

[tex]26149.44+z=36000[/tex][tex]z=36000-26149.44[/tex][tex]z=9850.56[/tex]

Final answer:

The first part of the investment was $ 18103.46.

The second part of the investment was $ 8045.98.

The third part of the investment was $ 9850.56

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