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.
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.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 68SGR
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