A man has Php 45,000 which he invests partly at a simple interest of 5% and the rest at 3 2 % per annum. The annual income from 3-% investment exceeds the income from the 5% 2 investment by Php 65. Represent the amount of each investment.

A man has Php 45,000 which he invests partly at a simple interest of 5% and the rest at 3 2 % per annum. The annual income from 3-% investment exceeds the income from the 5% 2 investment by Php 65. Represent the amount of each investment.

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter2: Solving Linear Equations

Section2.2: Use A Problem Solving Strategy

Problem 2.50TI: Susana invested a principal of $36,000 in her bank account that earned simple interest at an...

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Question

Translate the statement into equation. Use as few variables as possible.

A man has Php 45,000 which he invests partly at a simple interest of 5% and the rest at 3
2
% per annum. The annual income from 3-% investment exceeds the income from the 5%
2
investment by Php 65. Represent the amount of each investment.

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