Answer to Question #344381 in Financial Math for leni

Question

Dr. Grey would like to place her savings into two different investments; moonlife financial at 7% and womanulife financial at 12% interest rates per annum. She invested part of her savings on both companies and found out that she still has php 125,000.00 left in her savings. When she calculated the expected interest at the end of the year, the total interest from both investment would only be php 7,500.00. Hence, she decided to double her original investment in womanulife and was left with only Php 5.000.00 in her savings. How much was her total savings and how much did she originally invested in both companies?

Answer 1

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