Answered

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Mrs. Pesitas has P 150,000 and is investing 40% of this at 13.5 % simple interest for 5 years. If she invests the balance at 12% simple interest for the same period of time, which of the two investment will yield the bigger amount? by how much?

Sample format for your answer:

second investment and 15,000

Sagot :

Answer:
13,500

Step-by-step explanation:

First, you must multiply the 150,000 by 40%

P 150,000 x 40% =

Principal= P 60,000
Rate= 13.5%

Time= 5 years

I=Prt

=(60,000)(0.135)(5)
I=40,500


2nd investment
You must subtract the balance of your 150,000 from your principal amount

P 150,000 - P 60,000=

Balance= P 90,000

Principal= P 90,000
Rate= 12%
Time= 5 years

I=Prt
=(90,000)(0.12)(5)
I=54,000


The biggest investment amount will yield by Mrs. Pesitas but the question here is by how much??

The answer to this problem is to subtract the 1st and 2nd simple interest final answers

I1 - 12

40,500 - 54,000

Final Answer

13, 500 second investment