1.Two investments are made totaling P15, 000. Part of the P15,000 is invested at 9% and part at 10%. For a certain year, these investments yield P1, 432 in simple interest. Find the amount invested at each rate. 2. A sum of P25, 000 is invested, part at 8% and the remainder at 6%. Find the amount invested at each rate if the yearly income of the two investments is P1, 800. Activate Wir Segings to

1.Two investments are made totaling P15, 000. Part of the P15,000 is invested at 9% and part at 10%. For a certain year, these investments yield P1, 432 in simple interest. Find the amount invested at each rate. 2. A sum of P25, 000 is invested, part at 8% and the remainder at 6%. Find the amount invested at each rate if the yearly income of the two investments is P1, 800. Activate Wir Segings to

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section: Chapter Questions

Problem 5RE: A retirement account is opened with an initialdeposit of 8,500 and earns 8.12 interest compounded...

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