1.2. The amount was invested at 6% and another was invested at 8.5% both at simple interest for a time of one year. The total amount invested is P8,000 with a total sum of interests of P542.50. What would be the smaller amount that can be invested at 8.5%? A. P3,500 B. P3,000 C. P2,500 D. P4,000
1.2. The amount was invested at 6% and another was invested at 8.5% both at simple interest for a time of one year. The total amount invested is P8,000 with a total sum of interests of P542.50. What would be the smaller amount that can be invested at 8.5%? A. P3,500 B. P3,000 C. P2,500 D. P4,000
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Show the complete solution in simpliest way possible.
![1.2. The amount was invested at 6% and another was
invested at 8.5% both at simple interest for a time of one
year. The total amount invested is P8,000 with a total sum of
interests of P542.50. What would be the smaller amount that
can be invested at 8.5%?
A. P3,500
B. P3,000
C. P2,500
D. P4,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0c1c3715-b001-4177-bd42-0910ded62f70%2Fd83a953d-8ed9-477f-9bdd-73778fc330ae%2Fgzry8u0jp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:1.2. The amount was invested at 6% and another was
invested at 8.5% both at simple interest for a time of one
year. The total amount invested is P8,000 with a total sum of
interests of P542.50. What would be the smaller amount that
can be invested at 8.5%?
A. P3,500
B. P3,000
C. P2,500
D. P4,000
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