SOLUTION: The annual interest on a $9000 investment exceeds the interest earned on an $8000 investment by $47. The $9000 is invested at a 0.3% higher rate of interest than the $8000. What is
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Question 1045280: The annual interest on a $9000 investment exceeds the interest earned on an $8000 investment by $47. The $9000 is invested at a 0.3% higher rate of interest than the $8000. What is the interest rate of each investment? Found 2 solutions by advanced_Learner, MathTherapy:Answer by advanced_Learner(501) (Show Source):
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The annual interest on a $9000 investment exceeds the interest earned on an $8000 investment by $47. The $9000 is invested at a 0.3% higher rate of interest than the $8000. What is the interest rate of each investment?
