A man invested 30% of his retirement benefits in bonds, 40% in stocks, and bought a farming lot
worth ₱300,000 with the rest of his retirement benefits. What was the total amount of his
retirement benefits?
A. ₱100,000
B. ₱350,000
C. ₱700,000
D. ₱1,000,000
Answers
Answered by
1
Answer:
700,000 your answer is this
Hope it helps you
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Answered by
0
Answer:
D. ₱10,00,000
Given:
A man invested 30% of his retirement benefits in bonds, 40% in stocks, and bought a farming lot
worth ₱300,000 with the rest of his retirement benefits. What was the total amount of his
To find:
Total amount of his retirement benefits.
Solution:
Amount invested in bonds = 30% of retirement benifits
Amount invested in stocks = 40% of retirement benifits
Remaining amount of retirement benifits through which the farming lot was bought
= ₱300,000 = 30% [100% - (30% + 40%)]
So, 30% = ₱300,000
= 1% = 300,000/30 = ₱10000
= 100% = 10,000 × 100 = ₱10,00,000
Conclusion:
Total amount of retirement benifits is
₱10,00,000
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