SOLUTION: $10,000 is invested at two different rates. $4,500 is invested at 4%, and the rest is invested at 5%. How much interest is earned at the end of one year? Show all work for full cre

SOLUTION: $10,000 is invested at two different rates. $4,500 is invested at 4%, and the rest is invested at 5%. How much interest is earned at the end of one year? Show all work for full cre

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Question 1051769: $10,000 is invested at two different rates. $4,500 is invested at 4%, and the rest is invested at 5%. How much interest is earned at the end of one year? Show all work for full credit.
Answer by addingup(3677) (Show Source): You can put this solution on YOUR website!
4500*0.04 = (use your calculator)
+
5500*0.05 = (use your calculator)
-----------------------
Total . . .= (add up both results to get your answer)
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