SOLUTION: You separated your Php500,000 into two accounts. The First account is placed at a rate of 111% while the second at a rate of 6%. The annual interest of the first account is Php1,21
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Question 294601: You separated your Php500,000 into two accounts. The First account is placed at a rate of 111% while the second at a rate of 6%. The annual interest of the first account is Php1,210 more than the annual interest of the second account. How much is invested at 6%? Answer by nerdybill(7384) (Show Source):
You can put this solution on YOUR website! You separated your Php500,000 into two accounts. The First account is placed at a rate of 111% while the second at a rate of 6%. The annual interest of the first account is Php1,210 more than the annual interest of the second account. How much is invested at 6%?
.
Let x = amount invested at 6%
then
500000-x = amount invested at 11%
.
.11(500000-x) = .06x + 1210
55000 - .11x = .06x + 1210
53790 = .17x
Php316411.76 = x
