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