in two accounts, which pay & 2 and 10% interest 120% of the amount invested at 72. After 4 years, P15,520 1.) An engineering student invested annually. The amount invested at 10% rate is he earne P7,580 in interest. How much did he invest at the 7 % rate ?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 1EA: Halep Inc. borrowed $30,000 from Davis Bank and signed a 4-year note payable stating the interest...
icon
Related questions
Question
in two accounts, which pay & 2 and 10% interest
120% of the amount invested at 7%. After 4 years,
P15,520
1.) An engineering
student invested
annually. The amount invested at 10% rate is
he earne P7,580 in interest. How much did he invest at the 7 % rate ?
Transcribed Image Text:in two accounts, which pay & 2 and 10% interest 120% of the amount invested at 7%. After 4 years, P15,520 1.) An engineering student invested annually. The amount invested at 10% rate is he earne P7,580 in interest. How much did he invest at the 7 % rate ?
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 1 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Financial Accounting Intro Concepts Meth/Uses
Financial Accounting Intro Concepts Meth/Uses
Finance
ISBN:
9781285595047
Author:
Weil
Publisher:
Cengage
EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT