document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=92013>Question 92013</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A man invests $2000 in a bank paying 5% simple interest per annum and $3000 in another bank paying 6% simple interest per annum. What rate percent does he recieve on the investments altogether?<BR>\n" );
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document.write( "Rate equals interest divided by the principle in this case\r<BR>\n" );
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document.write( "Interest = 2000*5% + 3000*6% = $280\r<BR>\n" );
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document.write( "the principle is 2000 + 3000 = 5000\r<BR>\n" );
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document.write( "so rate R = 280/5000 =  0.056 = 5.6%\r<BR>\n" );
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document.write( "so the answer is 5.6% </SPAN>\n" );
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