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Solve the Problem. -If $2000 Is Invested at 10% Annual Interest, How Much

Question 40

Multiple Choice

Solve the problem.
-If $2000 is invested at 10% annual interest, how much should be invested at 12% annual interest so that the total yearly income from both investments is $5000?


A) $47,600
B) $4760
C) $4000
D) $40,000

Correct Answer:

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