Method: Gaussian Elimination Method PhP 65,000.00 is invested in three bonds at the rates of 6%, 8% and 10% annually. The total amount income is PhP 4,800.00. The income from the third bond is PhP 600.00 more than that from the second bond. Determine the price of each bond.

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
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Chapter3: Math Models
Section3.2: Solve Percent Applications
Problem 3.40TI: Susana invested a principal of $36,000 in her bank account with interest rate 6.5%. How much...
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Method: Gaussian Elimination Method
PhP 65,000.00 is invested in three bonds at the rates of 6%, 8% and 10%
annually. The total amount income is PhP 4,800.00. The income from the third
bond is PhP 600.00 more than that from the second bond. Determine the price
of each bond.
Transcribed Image Text:Method: Gaussian Elimination Method PhP 65,000.00 is invested in three bonds at the rates of 6%, 8% and 10% annually. The total amount income is PhP 4,800.00. The income from the third bond is PhP 600.00 more than that from the second bond. Determine the price of each bond.
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