ns 3. In 14 months, Mico earned P3,250 from an investment that paid 1.07% interest per vear. How much was the principal that Mico invested?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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In 14 months, Mico earned P3,250 from an investment that paid 1.07% interest per year. How much was the principal that Mico invested?

UC Main SHS 11 CK 1P Ma.
Simple Interest
a Jf Joe Edward earned P1,890.50 in 1 year and 3 months in a mutual fund containing
honds worth P84,000, then what was the interest rate of his investment?
3. In 14 months, Mico earned P3,250 from an investment that paid 1.07% interest per
year. How much was the principal that Mico invested?
4. Mr. Raf Santillan earned P8,200 interest in a retirement account paying interest at
a rate of 0.8% over a period of 2 years. What then is the principal amount and the
balance in the account at the end of 2 years?
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Transcribed Image Text:UC Main SHS 11 CK 1P Ma. Simple Interest a Jf Joe Edward earned P1,890.50 in 1 year and 3 months in a mutual fund containing honds worth P84,000, then what was the interest rate of his investment? 3. In 14 months, Mico earned P3,250 from an investment that paid 1.07% interest per year. How much was the principal that Mico invested? 4. Mr. Raf Santillan earned P8,200 interest in a retirement account paying interest at a rate of 0.8% over a period of 2 years. What then is the principal amount and the balance in the account at the end of 2 years? ••• More Edit ||
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