. Danna invested a certain amount at 5.5% interest per year. After 8 years, the interest she received amounted to PHP 2,200.00. How much did she invest? * A. ₱ 4,500.00 B. ₱ 5,000.00 C. ₱ 5,627.50 D. ₱ 4,627.50

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.3: Modeling With Linear Equations
Problem 3ECP: Your family has annual loan payments equal to 28 of its annual income. During theyear, the loan...
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27. Danna invested a certain amount at 5.5% interest per year. After 8 years, the interest she received amounted to PHP 2,200.00. How much did she invest? *

A. ₱ 4,500.00
B. ₱ 5,000.00
C. ₱ 5,627.50
D. ₱ 4,627.50

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