Aunt May has three sums of money invested, one at 12%, one at 10%, the last at 8%. His total annual income from the three investments is P2,100. The first investment yields as much as the other two combined. If she could receive 1% more on each investment her annual income would be increased by P202.50. How much is her investment at the 12% interest?

Aunt May has three sums of money invested, one at 12%, one at 10%, the last at 8%. His total annual income from the three investments is P2,100. The first investment yields as much as the other two combined. If she could receive 1% more on each investment her annual income would be increased by P202.50. How much is her investment at the 12% interest?

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 18PROB

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