7. Jaja invested P6,700 for one year, part at 8%, part at 10% and the remainder at 12%. The total annual incomes from these investments was P716. The amount of money invested at 12% was P300 more than the amount invested at 8% and 10% combined. Find the amount invested at each rate

7. Jaja invested P6,700 for one year, part at 8%, part at 10% and the remainder at 12%. The total annual incomes from these investments was P716. The amount of money invested at 12% was P300 more than the amount invested at 8% and 10% combined. Find the amount invested at each rate

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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geb 13 slabintice 5:00 er. Enn 1904 190 e Susbried atsioon ²000-0TR and to en
7. Jaja invested P6,700 for one year, part at 8%, part at 10% and the remainder at 12%. The total annual incomes from
these investments was P716. The amount of money invested at 12% was P300 more than the amount invested at 8% and
10% combined. Find the amount invested at each rate

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