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A total of $60,000 was invested for one year. But of this amount earned simple annual interest at the rate of \(x\)

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by Vincen » Mon May 11, 2020 2:39 am

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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) \(x = \dfrac34 y\)
(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.

[spoiler]OA=C[/spoiler]

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