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Solve the Problem. -Helen Weller Invested $10,000 in an Account That Pays 10

Question 344

Multiple Choice

Solve the problem.
-Helen Weller invested $10,000 in an account that pays 10% simple interest. How much additional money must be invested in an account that pays 13% simple interest so that the average return on the two investments
Amounts to 11%?


A) $5000
B) $6000
C) $10,000
D) $7000

Correct Answer:

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