SOLUTION: Mr. Ang invested Php 16,000, a part of it at 9% and the rest at 4%, his total interest from at both investments was 900. how much he invest at each rate?
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Question 605163: Mr. Ang invested Php 16,000, a part of it at 9% and the rest at 4%, his total interest from at both investments was 900. how much he invest at each rate? Answer by mananth(16946) (Show Source):
You can put this solution on YOUR website! Part I 9.00% per annum ---x
Part II 4.00% per annum ---y
Sum of investments
x + 1 y= 16000 -------------1
Interest earned on both investments
9.00% x + 4.00% y= 900
Multiply by 100
9 x + 4 y= 90000.00 --------2
Multiply (1) by -9
we get
-9 x -9 y= -144000.00
Add this to (2)
0 x -5 y= -54000
divide by -5
y = 10800
Part I 4.00% $ 10800
Part II 9.00% $ 5200
