SITUATION 3:Alice wants to be a 'wise' money saver. She hasP100,000 and is willing to put it in the bank.She found two banks that accept saving basedon a simple interest. One bank offers 15%simple interest and another offers 10% simpleinterest, and she invested in both banks. Aftera year, she withdraws all interest and capitaland finds out she has P112 000.ofat24. How much money did she put on the bankthat has the 10% interest?b. P30,000d. P70,000a. P60,000c. P80,0004125. How much money did she put on the otherbank?neb. P20,000d. B40,000a. P4,000enc. $7,00026.1f she got a total of P113 000 after a yearwith her original money, how much money wasshe able to put up on the bank that rewards15% simple interest?0o 00c. P80,000d. P70,000attle

Simple interest is interest without compounding that is there is no interest on interest and there…

Alice wants to be a 'wise' money saver. She has P100,000 and is willing to put it in the bank. she found two banks that accept saving based on a simple interest. One bank offers 15% simple interest and another offers 10% simple interest and she invested in hoth banks After

Alice wants to be a 'wise' money saver. She has P100,000 and is willing to put it in the bank. she found two banks that accept saving based on a simple interest. One bank offers 15% simple interest and another offers 10% simple interest and she invested in hoth banks After

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

SITUATION 3:
Alice wants to be a 'wise' money saver. She has
P100,000 and is willing to put it in the bank.
She found two banks that accept saving based
on a simple interest. One bank offers 15%
simple interest and another offers 10% simple
interest, and she invested in both banks. After
a year, she withdraws all interest and capital
and finds out she has P112 000.
of
at
24. How much money did she put on the bank
that has the 10% interest?
b. P30,000
d. P70,000
a. P60,000
c. P80,000
41
25. How much money did she put on the other
bank?
ne
b. P20,000
d. B40,000
a. P4,000
en
c. $7,000
26.1f she got a total of P113 000 after a year
with her original money, how much money was
she able to put up on the bank that rewards
15% simple interest?
0o 00
c. P80,000
d. P70,000
a
ttle

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