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A total of $12,000 is invested at two different rates: $5,000 of it is invested at 6%, and the rest is invested at 8%. How much total interest is earned at the end of one year?<…

A total of $12,000 is invested at two different rates: $5,000 of it is invested at 6%, and the rest is invested at 8%. How much total interest is earned at the end of one year?<…
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A total of $12,000 is invested at two different rates: $5,000 of it is invested at 6%, and the rest is invested at 8%. How much total interest is earned at the end of one year?

asked
User Zeromus
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7.5k points

1 Answer

2 votes
5000*6/100=300
7000*8/100=560
total=860

answered
User Jake McAllister
by
8.5k points
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