darrellgeorge31 darrellgeorge31

08-05-2018
Mathematics

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$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 earned at the end of one year? Show all work for full credit.

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TheBreeze TheBreeze

08-05-2018

So, what we have to do is split 10000
0.04(2500) + 0.05(7500)
Multiply:
100 + 375 = 475
$475 is made in one year

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