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A Total of $50,000 Is Invested in Two Funds Paying

Question 6

Multiple Choice

A total of $50,000 is invested in two funds paying 8% and 13% simple interest. The total yearly interest is $5100. How much is invested at the 8% rate?


A) $22,000
B) $26,000
C) $19,000
D) $28,000
E) $30,000

Correct Answer:

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