## 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 income from both

Question

Lost your password? Please enter your email address. You will receive a link and will create a new password via email.

## Answers ( )

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 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

= 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 %