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
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