Question

Ron has two investments that earn an annual income of Php 49,800.One investment yields 7% interest and the other 8%.How much is the invested at each rate if the total amount invested is Php 640,000?

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Answer 1

Step-by-step explanation:

7.2 years

The rule states that the amount of time required to double your money can be estimated by dividing 72 by your rate of return. 1 For example: If you invest money at a 10% return, you will double your money every 7.2 years.

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Answer 2

Answer:

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Step-by-step explanation:

7.2years

the rule states that the amoumtof time requiredto double your money can be estimated by dividing 72by youe rate of return.1 for example: if you invest money at a 10%return you will divide ur money 7.2 years