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A man invests $20,000 at an annual interest rate of  7%,and $12,000 at an annual interest rate of 7.5%.What was his annual income on the two investments?

anna043

by anna043 at April 16, 2011

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Anna -The man's income is simply the annual interest he earns on the two investments:$20000 x 7% + $12000 x 7.5%I'll leave it for you to do the math.Hope that helps

Steve204 Steve204 April 16, 2011

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