The annual interest on a $14,000 investment exceeds the interest earned on a $7000 investment by $595. The $14,000 is invested at a 0.5% higher rate of interest than the $7000. What is the interest rate of each investment?
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Home » Mathematics » The annual interest on a $14,000 investment exceeds the interest earned on a $7000 investment by $595. The $14,000 is invested at a 0.5% higher rate of interest than the $7000. What is the interest rate of each investment?