Kiko inherited Php250,000.00 and invested the money in SM, Meralco and Ayala Corp. After a year he got a small return of Php16200 from the three investments. SM returned yielded 6%, Meralco 7% and Ayala 8%. There was Php60,000 more pesos invested in Meralco than in Ayala. How much was his initial investments in the three companies?

SWFT Individual Income Taxes
43rd Edition
ISBN:9780357391365
Author:YOUNG
Publisher:YOUNG
Chapter20: Corporations And Parterships
Section: Chapter Questions
Problem 46P
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Kiko inherited Php250,000.00 and
invested the money in SM, Meralco
and Ayala Corp. After a year he got
a small return of Php16200 from
the three investments. SM
returned yielded 6%, Meralco 7%
and Ayala 8%. There was
Php60,000 more pesos invested in
Meralco than in Ayala. How much
was his initial investments in the
three companies?
Transcribed Image Text:Kiko inherited Php250,000.00 and invested the money in SM, Meralco and Ayala Corp. After a year he got a small return of Php16200 from the three investments. SM returned yielded 6%, Meralco 7% and Ayala 8%. There was Php60,000 more pesos invested in Meralco than in Ayala. How much was his initial investments in the three companies?
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