Aunt May has three sums of money invested, one at 12%, one at 10%, the last at 8%. His total annual income from the three investments is P2,100. The first investment yields as much as the other two combined. If she could receive 1% more on each investment her annual income would be increased by P202.50. How much is her investment at the 12% interest?
Aunt May has three sums of money invested, one at 12%, one at 10%, the last at 8%. His total annual income from the three investments is P2,100. The first investment yields as much as the other two combined. If she could receive 1% more on each investment her annual income would be increased by P202.50. How much is her investment at the 12% interest?
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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Transcribed Image Text:5. Aunt May has three sums of money invested, one at 12%, one at 10%, the last at 8%. His total
annual income from the three investments is P2,100. The first investment yields as much as the
other two combined. If she could receive 1% more on each investment her annual income would
be increased by P202.50. How much is her investment at the 12% interest?
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