5. Jim made two investments totaling PHP34,000. One investment made him a 12% profit,but on the other investment he took a 21% loss. If his net loss was PhP870, how muchWas each investment

Answered: 5. Jim made two investments totaling…

Elementary Algebra

17th Edition

ISBN:9780998625713

Author:Lynn Marecek, MaryAnne Anthony-Smith

Publisher:Lynn Marecek, MaryAnne Anthony-Smith

Chapter3: Math Models

Section3.2: Solve Percent Applications

Problem 3.39TI: Areli invested a principal of $950 in her bank account with interest rate 3%. How much interest did...

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Similar questions

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has $8,000 to save for his daughter’s college education. He wants to divide it between one account that pays 3.2% interest per year and another account that pays 8% interest per year. How much should he invest in each account if he wants the interest on the total investment to be 6.5%?
Areli invested a principal of $950 in her bank account with interest rate 3%. How much interest did she earn in 5years?
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5. Jim made two investments totaling PHP34,000. One investment made him a 12% profit, but on the other investment he tooka 21% loss. If his net loss was PhP870, how much Was each investment