1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
riadik2000 [5.3K]
3 years ago
13

An investment of ​$93000 was made by a business club. The investment was split into three parts and lasted for one year. The fir

st part of the investment earned​ 8% interest, the second​ 6%, and the third​ 9%. Total interest from the investments was $ 7170. The interest from the first investment was 6 times the interest from the second. Find the amounts of the three parts of the investment.
Business
1 answer:
Ulleksa [173]3 years ago
8 0

Answer:

Amount of three parts of investment are

72000, 16000 and 5000

Explanation:

We have given total investment = $93000

Let the investment made by three businessman are x , y and z

So x+y+z=93000-----eqn 1

It is given interest rates are 8 % , 6% and 9 %

And time = 1 year

Total interest = $7170

So 0.08x+0.06y+0.09z=7170----eqn 2

It is given that interest from first investment is 6 times the interest from second investment

So 0.08x=6\times 0.06y

0.08x=0.36y ----- eqn 3

After solving eqn 1 eqn 2 and eqn 3

x = 72000

Y = 16000

And z = 5000

You might be interested in
How much interest you pay depends on_________
Damm [24]

Answer:

The Interest Rate and how much you owe.

Explanation:

If you have a rate of 10% a month

and you owe $100, the next month you owe $110

or if you owe $50, then next month you owe $55

6 0
3 years ago
Which scenarios can be considered effects of Sole Sister Shoe Store choosing to sell dress shoes over sneakers?
Harlamova29_29 [7]

I believe the answer is:

High school athletes stop shopping there.


The inventory of sports socks goes unsold.

High school athletes tend to need the type of shoes that help in their mobility and tend to posses high level of endurance. These characteristics do not exist in Dress shoes. When high school athletes stop buying their shoes on the store, the number of stocks in the inventories tend to stay stagnant since it could not find customers.

6 0
3 years ago
Read 2 more answers
A creditor who extends credit to a consumer to purchase a consumer good under a written security agreement obtains​ a(n) _____ s
devlian [24]

A creditor who extends credit to a consumer to purchase a consumer good under a written security agreement obtains​ a<u> "purchase money" </u>security interest in the consumer good.

A purchase money security interest (PMSI) is a legitimate claim that enables a lender to repossess property financed with its loan or demand repayment in real money if the borrower defaults. It gives the lender need over other creditors cases.  

A PMSI is utilized by some commercial lenders and credit card guarantors just as by retailers who offer financing alternatives.

8 0
3 years ago
Society suffers a deadweight loss in a pure-monopoly market because
nekit [7.7K]
A pure-monoply means that a company does not have to compete with other producers within the market. Since they aren't competing with a good or service, they aren't competing with each others customers either. When a company does not have to compete on price/customers they may end up being greedy and have market failure. 
8 0
3 years ago
Which of the following in not an example for safeguarding inventory? Group of answer choices Matching receiving documents, purch
Tomtit [17]

Answer:

returning inventory that is defective or broken

Explanation:

Inventory reffered to as set of finished goods/ products as well as other goods that are used in production. It is regarded as current asset on the balance sheet of a company. Inventory safeguarding is very essential in a company to keep them safe, there are some ways in which this can be done.

With the aid of technology such as security cameras which can record any form of theft, door alarms and others can protect inventory from both external/internal threats. Some of thers common examples for safeguarding inventory are;

✓storing inventory in restricted areas

✓physical devices such as two-way mirrors, cameras, and alarms

✓matching receiving documents, purhcase orders, and vendor's invoice

3 0
3 years ago
Other questions:
  • Which is NOT a crucial question about target markets? Select one:
    9·1 answer
  • Which of these options for saving money typically offers the most liquidity?
    15·2 answers
  • Why did the natural environment receive so much attention under new deal programs, and with what result?
    15·1 answer
  • Which would be most helpful when considering a large expenditure that might require repeating payments? Check all that apply.
    7·2 answers
  • When American servicemen occupied Japan following World War II, the Japanese watched the Americans playing baseball, appreciated
    6·1 answer
  • Which statement is TRUE regarding Super Display Book? Super Display Book is an automated trade execution system for:
    5·1 answer
  • A company had beginning inventory of 5 units that cost $10 each. During the month, 15 units were purchased for $11 each. The com
    9·1 answer
  • PLSSSSSS I NEED THIS ASAP
    7·2 answers
  • Which of the following is TRUE regarding an indeterminate premium whole life policy?
    6·1 answer
  • Peach Company uses a weighted-average process-costing system. Company records disclosed that the firm completed 40,000 units dur
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!