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LEIM deposits some money in an account which pays 5% simple interest per year, and twice that amount in an account paying 4% simple interest per year. If he collects $533.00 in interest after one year, how much did he deposit in the account that has a 5% rate?

User Lovelock
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2 Answers

1 vote
The answer is 266.5 hope this helps
User Bwoogie
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Answer:

266.5

Explanation:

$533.00* 5%=266.5

User Glutinous
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