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26 June, 06:45

Two Bonds funds pay interest at rates that differ by 1%. Money invested for one year and the first fund earns $280 interest. The same amount invested in the other funds earns $315.

Find the lower rate of interest

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Answers (1)
  1. 26 June, 08:15
    0
    First one is 2.8

    Second one is 3.15

    So it's first one
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