## A total of $$\60,000$$ was invested for one year. Part of this amount earned simple annual interest at the rate of

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### A total of $$\60,000$$ was invested for one year. Part of this amount earned simple annual interest at the rate of

by M7MBA » Sat Sep 11, 2021 2:13 pm

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A

B

C

D

E

## Global Stats

A total of $$\60,000$$ was invested for one year. Part 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) $$x = \dfrac{3y}4$$
(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 $$2.$$

Answer: C

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