Question 1128751
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The second interest amount is 6 times the first, so the second interest rate must be 6 times the first.  The second interest rate is 10% more than the first; so<br>
let x be the lower interest rate (as a percent)
then 6x is the higher interest rate<br>
6x-x = 10
5x = 10
x = 2<br>
The interest rates are x=2% and 6x = 12%.<br>
It should be noted that the problem, exactly as stated, can't be solved, because the given information is inconsistent.<br>
The problem states that "the INTEREST PAID" is 10% more for the investment in the mini-mall development.  But the INTEREST PAID from the mini-mall investment is 6 TIMES the INTEREST PAID by the savings account. 6000 is not 10% more than 1000; it is 500% more.<br>
Although the meaning of the problem is clear, the correct wording should say the interest RATE paid by the mini-mall investment is 10% higher than the RATE paid by the savings account.