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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?
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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?

User Joachimwedin
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1 Answer

4 votes
I'm assuming this is a yearly interest.

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

so that would be $475 earned from interest
User Romesh
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