Question 2 (nov.17th)

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Question 2 (nov.17th)

by bacali » Mon Nov 17, 2008 10:47 am
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 = 43y


(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.


OA: C
Source: — Data Sufficiency |

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by mals24 » Mon Nov 17, 2008 10:58 am