SOLUTION: Six thousand dollars are invested in an account paying 5% interest, and half that amount is invested at 3%. Which of the following expressions represents the amount of interest

SOLUTION: Six thousand dollars are invested in an account paying 5% interest, and half that amount is invested at 3%. Which of the following expressions represents the amount of interest

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Question 1138241: Six thousand dollars are invested in an account paying 5% interest, and half that amount is invested at 3%.
Which of the following expressions represents the amount of interest earned on the money invested at 3%?
0.03(1,500)
0.03(3,000)
0.03(6,000)
3(3,000)
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
Half of $6000 is $3000, so that is one term
The other is 0.03
so it is 0.03*$3000
b.

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