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Lera25 [3.4K]
3 years ago
13

Mrs. Bautista invested Php2700.00 part at 8% and the rest at 11% .How musch did she invest at each rate if her total annual inco

me from both investment was Php2460.00?
Mathematics
1 answer:
Margarita [4]3 years ago
5 0

Answer:

The answer to the question is

She invested

Php2700.00 at 8 % and

Php 20,400.00 at 11 %

Step-by-step explanation:

To solve the question we note that

Simple interest is given by \frac{P*R*T}{100} where

P= Principal, R = Rate and T = Time

If we call the first part P₁, T₁,  and R₁ and the second part

P₂, T₂,  and R₂

Then {P_1*(1+R_1*T_1}) +{P_*(1+R_2*T_2})  = 2460.00

= 2700×0.08×1 + P₂×0.11×1 = 2460  which gives

2244÷0.11 = P₂ or P₂ = Php 20,400.00

That is she invested

Php2700.00 at 8 % and

Php 20,400.00 at 11 %

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