document.write( "Question 837426: An amount of money invested for 1 year in a savings account will earn $240. That same money, invested in a mini-mall development will earn $1920 interest in a year, because the interest paid is 14 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 #513947 by richwmiller(17219) $\"\"$ $\"About$

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x*y=240
\n" ); document.write( "(x+.14)*y=1920
\n" ); document.write( "x = 1/50=.02, y = 12000
\n" ); document.write( " \n" ); document.write( "

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