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3 years ago

8

$10,000 is invested at two different rates. $2,500 is invested at 4%, and the rest is invested at 5%. How much interest is earne

d at the end of one year?

1 answer:

worty [1.4K]3 years ago

3 0

I'm assuming this is a yearly interest.

2500*.04=100
7500*.05=375

so that would be $475 earned from interest

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