A father deposited a total amount of P88,500 on two different investments. The first investment earns a rate of simple interest 2.6 times the second investment. In 5 years, the first investment grows...


A father deposited a total amount of P88,500 on two different investments. The first investment earns a rate of simple interest 2.6 times the second investment. In 5 years, the first investment grows P92,745. In 10 years, the second investment grows P43,134. Determine the following:


1.Interest rate of the second investment, in %.


2. Amount deposited on the first investment.



Jun 03, 2022
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