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April 23, 2014

Homework Help: investment

Posted by HELP HELP MNHS on Wednesday, November 28, 2012 at 12:58am.

A certain amount of money is invested at 6% per year. A second amount is P5000 larger than the first is invested at 8% per year. The interest from the investment at the higher rate exceeds the income from the lower investment by P500. Find the investment at each rate.

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