SOLUTION: Pls help me
Antony invested a certain amount of money at 5% per year and an amount twice as large at 6% per year.The total annual income from the two investments was Php 4250.Fin
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Question 934978: Pls help me
Antony invested a certain amount of money at 5% per year and an amount twice as large at 6% per year.The total annual income from the two investments was Php 4250.Find the amount invested at each rate.
Answer by vicgonzerx(31) (Show Source): You can put this solution on YOUR website!
PROFIT=Pa*Ia + Pb*Ib
4250=Pa*Ia + 2Pa*Ib
4250=Pa*.05 + 2Pa*.06
Pa=25,000
Pb=2Pa
Pb=50,000
ANSWER, 25,000.00 AND 50,000.00 PHP
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