Mr. Bokya invested a part of his savings of PhP45,000.00 in a business venture that would earn for him 15% annually. The remainder which was invested in the money market with an annual earning of 18%. If the total annual income from both investments was PhP 7,500.00, how much did he invest at each rate?

Mr. Bokya invested a part of his savings of PhP45,000.00 in a business venture that would earn for him 15% annually. The remainder which was invested in the money market with an annual earning of 18%. If the total annual income from both investments was PhP 7,500.00, how much did he invest at each rate?

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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