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Pavel [41]
2 years ago
8

B. How was the original $20,000 investment split between the two interest rates?

Mathematics
1 answer:
Roman55 [17]2 years ago
4 0

Answer:

t + f = 2000

let  represent the amount invested at three percent; let f represent the amount invested at five percent. The total of these amounts is $20,000. The total of the interest earned by each amount is $800. Of course the interest earned is the amount multiplied by the interest rate.

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