Question: A father deposited a total amount of P80,500 on two different investments. The first investment earns a rate of simple interest 2.5 times the second

A father deposited a total amount of P80,500 on two different investments. The first investment earns a rate of simple interest 2.5 times the second investment. In 5 years, the first investment grows P90,745. In 10 years, the second investment grows P40,134. Determine the following:

A. INTEREST RATE OF THE SECOND INVESTMENT IN %

B. AMOUNT DEPOSITED ON THE FIRST INVESTMENT

Step by Step Solution

★★★★★

3.45 Rating (145 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (2 attachments)

6363870b6f5a4_238283.pdf

180 KBs PDF File

6363870b6f5a4_238283.docx

120 KBs Word File

Students Have Also Explored These Related Mathematics Questions!

Investment proposals A and B require initial investments of $45,000 and $35,000, respectively. Both have an economic life of four years with no residual value. Their expected profits are as follows:...

On January 1, 2009, Father Company acquired an 80 percent interest in Sun Company for $425,000. The acquisition-date fair value of the 20 percent noncontrolling interest's ownership shares was...

A supply of 5 kg/s ammonia at 500 kPa, 20C is needed. Two sources are available one is saturated liquid at 20C and the other is at 500 kPa, 140C. Flows from the two sources...

A person wants to invest $ 1 6 , 0 0 0 for 2 years and is considering two different investments. The first investment, a money market fund, pays a guaranteed 6 . 2 % interest compounded daily. The...

The following table provides the net earnings, total assets, and total liabilities for four companies from two different industries. The data are for the fiscal years ending in 2006. All numbers are...

A company is considering two competing investments. The first is for a standard piece of production equipment; the second is for computer-aided manufacturing (CAM) equipment. The investment and...

From the expected total calories for each bird, and find the covariance of quality and volume. Consider the following table giving the probability that three types of birds consume two different...

A company is considering two competing investments. The first is for a standard piece of production equipment; the second is for computer-aided manufacturing (CAM) equipment. The investment and...

Patterson Company is considering two competing investments. The first is for a standard piece of production equipment. The second is for computer- aided manufacturing (CAM) equipment. The investment...

Korean Airlines (KAL) has just signed a contract with Boeing to purchase two new 747-400's for a total of $60,000,000, with payment in two equal tranches. The first tranche of $30,000,000 has just...

Class Limits (years of service) 1-5 6-10 11-15 16-20 21-25 26-30 Frequency (Number of employees) 8 20 12 18 9 3 Calculate each of the following: A. Mean B. Median C. Why can't we find the mode? D....

Write PSEUDOCODE for the following program. 1. The All Saints TVET College is located in Kingston, Jamaica. The College offers one academic program as a BSc in Mathematics. The students are required...

What does a r c s e c 2 equal? Select one: a . 6 b . 4 c . 3 d . 2

Peggy Lane Corp., a producer of machine tools, wants to move to a larger site. Two alternative locations have been identified: Bonham and McKinney. Bonham would have fixed costs of $ 800,000 per year...

For a recent year, McDonald's company-owned restaurants had the following sales and expenses (in millions): Sales....................................................$18,169.3 Food and...

Using the data in SE 3, calculate the cost of ending inventory and cost of goods sold according to the FIFO method under the perpetual inventory system.

Weightless Inc. produces a Bath and Gym version of its popular electronic scale. The anticipated unit sales for the scales by sales region are as follows: Bath Scale Gym Scale East Region unit...

The company has bonds payable with a total face value of $100,000 and a carrying value of $103,000. In addition, unpaid interest on the bonds has been accrued in the amount of $6,000. The lender has...

Small, non-living droplets that can regulate their internal environments are best known as _____ Small, non-living droplets that can regulate their internal environments are best known as antibiotics...

List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...

Carol Harris, Ph.D, CPA, is a single taxpayer and she lives at 674 Yankee Street, Durham, NC 27409. Her Social Security number is 793-52-4335. Carol is an Associate Professor of Accounting at a local...

You are a financial planner who focuses on helping couples. Two people have just come to see you regarding their financial situation on May 15, 2022. Your job is to review their finances and provide...

In the decade of the 2010s, the plans and operations of Avon Inc. in marketing, research, and manufacturing throughout Asia are still being affected by actions taken after a 1998 meeting. The US...

1. Suppose that a $100,000 investment grows 3% during the first year and 4% during the second year. By what percent will it have grown after the 2-year period? (The answer is not 7%) 2. Rework...

Walmart Stores, Inc. (Walmart) is the largest retailing firm in the world. Building on a base of discount stores, Walmart has expanded into warehouse clubs and Supercenters, which sell traditional...