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A total of P60,000 was invested, a portion at 5% and the remainder at 4.5%. The total amount of interest earned was P2,900. How much was invested at each rate?

Respuesta :

Answer:

P40000 at 5%

P20000 at 4.5%

I am curious as to what the P stands for.  Can you tell me?

Step-by-step explanation:

Let x = amt. invested at 5%

     y = amt. invested at 4.5%

(1)         x + y = 60000                  (2)      .05x + .045y = 2900

                                                                   50x + 45y = 2900000

                                     -45 times (1)        -45x - 45y = -2700000

                                                                    5x = 200000

                                                                      x = 40000

          40000 + y = 60000

                        y = 20000

P40000 at 5%

P20000 at 4.5%

I am curious as to what the P stands for.  Can you tell me?

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