Multiple Choice
Use the simple interest formula.
-Melissa invested a sum of money at 3% annual simple interest. She invested three times that sum at 5% annual simple interest. If her total yearly interest from both investments was $5400, how much was invested at 3%?
A) $30,000
B) $67,500
C) $22,500
D) $202,500
Correct Answer:
Verified
Correct Answer:
Verified
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