Math Problem Statement

Mr. A. de Dios invests his P3.5M as follows: 3/10 in time deposit, 1/3 in money market, 1/5in bonds and the rest in mutual funds. What part of his money is invested in mutual funds? Find the amount he invests in each type of investment, rounded to the nearest pesos.

Solution

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Math Problem Analysis

Mathematical Concepts

Fractional Investments
Percentage Calculations

Formulas

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Theorems

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Suitable Grade Level

Grades 7-9