A total of $60,000 was invested for one year. But of this amount earned simple annual interest at the rate of x percent per year, and the rest earned simple annual interest at the rate of y percent per year. If the total interest earned by the $60,000 for that year was $4,080, what is the value of x?
(1) x = (3/4) y
(2) The ratio of the amount that earned interest at the rate of x percent per year to the amount that earned interest at the rate of y percent per year was 3 to 2.
Ans C, IMO D
interest
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Stmt 1 does not give any information on the amount so 1 is Insuff
Stmt 2 does not give any infromation on the interest rates so 2 is insuff
Stmt 1 & 2 together gives info about the amount and respective interest rates so - SUFf
Stmt 2 does not give any infromation on the interest rates so 2 is insuff
Stmt 1 & 2 together gives info about the amount and respective interest rates so - SUFf
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There's information missing from the question stem.arorag wrote:A total of $60,000 was invested for one year. But of this amount earned simple annual interest at the rate of x percent per year, and the rest earned simple annual interest at the rate of y percent per year. If the total interest earned by the $60,000 for that year was $4,080, what is the value of x?
(1) x = (3/4) y
(2) The ratio of the amount that earned interest at the rate of x percent per year to the amount that earned interest at the rate of y percent per year was 3 to 2.
Ans C, IMO D
orBut of this amount _______ earned simple annual interest at the rate of x percent per year
But [some] of this amount earned simple annual interest at the rate of x percent per year
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