Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Transcribed Image Text:Investments Phyllis invested $12,000, a portion earning a sim-
ple interest rate of 4% per year and the rest earning a rate of
4% per year. After 1 year the total interest earned on these invest-
ments was $525. How much money did she invest at each rate?
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