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16-04-2024
Mathematics

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Two investments are made totaling $4800. In the first year, they yield a total of $412 in simple interest. Part of the money is invested at 8% and the rest 9%. Find the amount invested at each interest rate.

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starsunset starsunset

16-04-2024

Answer: Amount invested at 8% is $2000, and the amount invested at 9% is $2800.

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