Math Problem Statement

A part of P70,000 is invested in 7% and the rest of 8% preferred stocks, Find how much is invested at each rate if the income from the 8% shares of stock exceeds the income from the 7% stock by 1,100.

Solution

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Math Problem Analysis

Mathematical Concepts

Investment Problems
Linear Equations

Formulas

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Theorems

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Suitable Grade Level

Grades 9-12