Riley has invested P10,000.00, part at 5% and the remainder at 10% simple interest. How much is invested at higher rate if the total annual interest from the investment is P950.00?

Q: Rose invested P20,000 in a savings bank account that earned 3% simple interest. Find the interest…

A: given:- principal = 20,000/- rate of interest = 3% time = 3 years and 6 months          = 3 years +…

Q: What is the present worth of a $700 payment that occurs at the end of year 1 and repeating yearly…

A: Present value is the sum of money that has been discounted from a certain future value or from a…

Q: Which of the following 1-year investments has the highest rate of return: $12,500 that yields $1125…

A:

Q: A housewife bought a brand new washing machine costing Php 15,000 if paid in cash. However, she can…

A: The formula for the Present Value Factor (PV factor):PV factor = (1 / (1 + interest rate)) ^ number…

Q: If $200 is deposited in a savings account at the beginning of each of 15 years and the account draws…

A: Compound interest refers to the reinvestment of interest and not taking it out, so it gives interest…

Q: A project is expected to generate a cash flow of $8000 in year 1, $2000 in year 2, and $5000 in year…

A:

Q: 5. An engineer deposited her annual bonus of $10,000 into an account that pays interest at 8% per…

A: here we calculate the given by following method as follow;

Q: On her recent birthday, April 22, 2001, Nicole was given by her mother a certain sum of money as…

A: Let P be the principal amount  Days from 11th april 2016 to 25th Dec 2016 are 247 days (excluding…

Q: A new oven will save $130 per year in electricity expense. How much can we afford to pay for this…

A: An annuity's present value is what a sequence­ of future regular deposits are­ worth now. This…

Q: Compare the accumulated values at the end of 10 years if P100 is invested at the rate of 12% per…

A: Amount=P 100  Interest rate=12 %  Period=10 years