0. Aira invested ₱ 7,000.00, part at 4% and the remainder at 8% simple interest. How much is invested at higher rate if the total annual interest from these investments is ₱431.6 Note: Use these digits in your answer [ 0379 ]

0. Aira invested ₱ 7,000.00, part at 4% and the remainder at 8% simple interest. How much is invested at higher rate if the total annual interest from these investments is ₱431.6 Note: Use these digits in your answer [ 0379 ]

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

10. Aira invested ₱ 7,000.00, part at 4% and the remainder at 8% simple interest. How much is invested at higher rate if the total annual interest from these investments is ₱431.6

Note: Use these digits in your answer [ 0379 ]

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