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Solve the Problem. -Helen Weller Invested $ 14,000 in an Account That Pays

Question 232

Multiple Choice

Solve the problem.
-Helen Weller invested $ 14,000 in an account that pays 3% simple interest. How much additional money must be invested in an account that pays 6% simple interest so that the average return on the two investments amounts to 4%?


A) $ 7000
B) $ 11,000
C) $ 10,000
D) $ 14,000

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