document.write( "Question 839396: An amount of money invested for 1 year in a savings account will earn $700. That same money, invested in a mini-mall development will earn $2940 interest in a year, because the interest paid is 16 percentage points more than that paid by the savings account. Find the rate of interest paid by each investment. \n" ); document.write( "

Algebra.Com's Answer #513503 by richwmiller(17219) $\"\"$ $\"About$

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m*y=700
\n" ); document.write( "m*(y+.16)=2940
\n" ); document.write( "m = 14000, y =.05\r
\n" ); document.write( "\n" ); document.write( " \n" ); document.write( "

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