SOLUTION: he amount of annual interest earned by $5,000 invested at a certain rate is $260 less than $11,000 would earn at a 2% lower rate. At what rate is the $5,000 invested?
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Question 991199: he amount of annual interest earned by $5,000 invested at a certain rate is $260 less than $11,000 would earn at a 2% lower rate. At what rate is the $5,000 invested?
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
\ -\ 260)
Solve for 
and then convert to a percent.
John
My calculator said it, I believe it, that settles it
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