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5. Ramon Benoit deposited a total of $40,000 in two simple interest accounts. The annual simple interest rate on one account is 8%. The
5. Ramon Benoit deposited a total of $40,000 in two simple interest accounts. The annual simple interest rate on one account is 8%. The annual simple interest rate on the second account is 12%. How much was invested in each account if the total annual interest earned is 11% of the total investment?
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Exploring Geometry
Authors: Michael Hvidsten
2nd Edition
1498760821, 9781498760829
