document.write( "Question 984441: A man has P1000 invested part of 5% and his remainder at 3% simple interest. The total income per year from these investment is P44. How much does he invested at the higher rate? P= Peso \n" ); document.write( "
Algebra.Com's Answer #605560 by rushdi1987(3)![]() ![]() You can put this solution on YOUR website! I = PNR where I = interest , P = principal, N = time, R = rate of interest\r \n" ); document.write( "\n" ); document.write( "Let he invested peso x at 5% interest and the rest (1000-x) @ 3% interest. \r \n" ); document.write( "\n" ); document.write( "For 5% rate interest will be x*5/100*1 or x/20 \n" ); document.write( "For 3% rate interest will be 1000-x*3/100*1 or 3(1000-x)/100\r \n" ); document.write( "\n" ); document.write( "According to the qus \r \n" ); document.write( "\n" ); document.write( "x/20 + 3(1000-x)/100 = 44 \n" ); document.write( "or, 5x + 3(1000-x) = 44 * 100 \n" ); document.write( "or, 5x + 3000 - 3x = 4400 \n" ); document.write( "or, 2x = 4400-3000 \n" ); document.write( "or, 2x = 1400 \n" ); document.write( "or, x = 700\r \n" ); document.write( "\n" ); document.write( "he invested p 700 at higher rate \n" ); document.write( " \n" ); document.write( " |