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Solve the Problem. -Melissa Invested a Sum of Money at 3% Annual Interest

Question 91

Multiple Choice

Solve the problem.
-Melissa invested a sum of money at 3% annual interest. She invested three times that sum at 5% annual interest. If her total yearly interest from both investments was $5400, how much was invested at 3%?


A) $67,500
B) $30,000
C) $202,500
D) $22,500

Correct Answer:

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