Question #34091
1. Mr. Jones has two investments. His total investment is Php 400,000. He receives 3% interest on one investment and 7% interest on the other. The total interest that Mr. Ligutan receives in a year is Php 16, 000.
a. How much money does Mr. Jones have in each investment?
b. Suppose you were Mr. Jones. In which investment will you place more money? Why?
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