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September 16, 2014

Homework Help: math

Posted by ethan on Wednesday, October 3, 2012 at 9:56pm.

Two investments earn a total annual income of $2825. One investment is in a 6.75% annual simple interest certificate of deposit. The other is in a 7.25% tax free annual simple interest account. The total amount invested is 40,000. Find the amount in invested in the certificate of deposit.

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