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3 years ago

13

Sara borrows $10000 from one bank, and Jose borrows $2000 from another bank. Sara’s account pays 3% more than Jose’s account. If

together the accounts earn $800 simple interest in one year, what is the annual interest rate for:
Sara’s account?

Jose’s account?

1 answer:

scoundrel [369]3 years ago

7 0

Multiply both by .03 add

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