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A deposit of $4000 is made into an account that earns 11% annual simple interest. How much additional money must be deposited into an account
A deposit of $4000 is made into an account that earns 11% annual simple interest. How much additional money must be deposited into an account that pays 14% annual simple interest so that the total interest earned is 12% of the total investment?
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Let x amount of additional money at 14 required to do this then ...
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