,500 on two different investments. The first investment earns a rate of simple interest 2.6 times the second investment. In 5 years, the first investment grows P92,745. In 10 years, the second investment grows P43,134. Determine the follo

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter2: Working With Real Numbers
Section2.3: Rules For Addition
Problem 8P
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A father deposited a total amount of P88,500 on two different investments. The first investment earns a rate of simple interest 2.6 times the second investment. In 5 years, the first investment grows P92,745. In 10 years, the second investment grows P43,134. Determine the following:

1. Interest rate of the second investment, in %.

2. Amount deposited on the first investment.

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