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Two Certificates of Deposit (CDs)pay Interest at Rates That Differ

Question 57

Multiple Choice

Two certificates of deposit (CDs) pay interest at rates that differ by 4%. Money invested for 1 year in the first CD earns $90 interest. The same principal invested in the second CD earns $150. Find the two rates of interest.


A) 6%, 7%
B) 5%, 10%
C) 6%, 10%
D) 4%, 10%
E) 6%, 6%

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