Write a number that is 10 times greater than 41,532
2 answers:
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Answer:
$1,200
Step-by-step explanation:
Let x be the amount of money deposited in the mutual fund. The interest earned by that investment can be determined as the amount deposited times the interest rate:
The value the second deposited can be determined as x+$2,400 and its interest earned is defined in the same manner as the first deposit's:
The total interest on both investment equals the sum of both interests:
$1,200 were invested in the mutual fund.