SITUATION 3: Vanessa wants to be a 'wise' money saver. She has 20,000 Php and is willing to put it in the bank. She found two banks that accepts saving based on a simple interest. One bank offers 15% simple interest and another offers 10% simple interest, and she invested in both banks. After a year, she withdraws all interest and capital and finds out she has 22,650 Php. 11. How much money did she put on the bank that has the 10% interest? a. 6000 b. 7000 C. 8000 d. 3000 12. How much money did she put on the other bank? a. 17000 b. 12000 с. 14000 d. 13000 ups 13. If she plans on getting a total of 30,000 Php, how much money shall she add to her original capital if the bank that charges 15% interest can only take a maximum of 20,000 Php investment? a, 7474.74 c. 6363.64 b. 9696.97 d. 8567.13

SITUATION 3: Vanessa wants to be a 'wise' money saver. She has 20,000 Php and is willing to put it in the bank. She found two banks that accepts saving based on a simple interest. One bank offers 15% simple interest and another offers 10% simple interest, and she invested in both banks. After a year, she withdraws all interest and capital and finds out she has 22,650 Php. 11. How much money did she put on the bank that has the 10% interest? a. 6000 b. 7000 C. 8000 d. 3000 12. How much money did she put on the other bank? a. 17000 b. 12000 с. 14000 d. 13000 ups 13. If she plans on getting a total of 30,000 Php, how much money shall she add to her original capital if the bank that charges 15% interest can only take a maximum of 20,000 Php investment? a, 7474.74 c. 6363.64 b. 9696.97 d. 8567.13

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter19: Capital Investment

Section: Chapter Questions

Problem 8E

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