timbates387
timbates387 timbates387
  • 07-01-2017
  • Mathematics
contestada

$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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bireland203
bireland203 bireland203
  • 07-01-2017
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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