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Kuldip Invested $5,000 at 6%, $10,000 at 5

Question 290

Multiple Choice

Kuldip invested $5,000 at 6%, $10,000 at 5.5%, and $20,000 at 4%. What is the average rate of interest earned by her investments?

A) 5.2%
B) 5%
C) 4.7%
D) 5.25%
E) 4.75%

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