An investing advisor put 75% of a client's money into a money market fund with a 9%

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An investing advisor put 75% of a client's money into a money market fund with a 9% annual simple interest rate. The remainder was put into government securities paying 6% annual basic interest. If the total yearly interest received is Php 3300 ,

calculate the amount invested in each.

Related Book For answer-question

Fundamentals of Advanced Accounting

ISBN: 978-0077667061

5th edition

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik

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Posted Date: May 03, 2023 03:36 AM

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An investing advisor put 75% of a client's money into a money market fund with a 9%

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Let x be the amount invested in government securities paying 6 annual basic interest Th... View the full answer

Fundamentals of Advanced Accounting

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