SOLUTION: A business club split a $30,000 investment among three bond funds. The first one grew at 2%, the second at 3% and the third at 6%. The total earnings were $1110. The earnings from
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Question 106737: A business club split a $30,000 investment among three bond funds. The first one grew at 2%, the second at 3% and the third at 6%. The total earnings were $1110. The earnings from the second fund were $150 more than those of the first. How much was invested in each fund?
I cannot figure this one out. every single time I try to translate the problem, its all jacked up. Im starting to get really frustrated. thank you for your help.
Answer by scott8148(6628) (Show Source): You can put this solution on YOUR website!
you have three unknowns so you need three equations
let x="amount @ 2%", y="amount @ 3%", z="amount @ 6%"
x+y+z=30000
.02x+.03y+.06z=1110
.02x+150=.03y
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