of money in two invest years each; both computes interest on a simple be mount obtained at 7% is 225 php more than that o low much money did Jose invest in total? A 2,500 php B 5,000 php C 600 php D 7,500 php

SWFT Comprehensive Vol 2020
43rd Edition
ISBN:9780357391723
Author:Maloney
Publisher:Maloney
Chapter11: Invest Or Losses
Section: Chapter Questions
Problem 39P
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Jose invested equal amounts of money in two investment products for
3 years each; both computes interest on a simple basis. The interest
amount obtained at 7% is 225 php more than that obtained at 4%.
How much money did Jose invest in total?
A 2,500 php
5,000 php
600 php
D
7,500 php
Transcribed Image Text:Jose invested equal amounts of money in two investment products for 3 years each; both computes interest on a simple basis. The interest amount obtained at 7% is 225 php more than that obtained at 4%. How much money did Jose invest in total? A 2,500 php 5,000 php 600 php D 7,500 php
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