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  3. phyllis invested 7500 a portion earning a simple interest rate...

Question: phyllis invested 7500 a portion earning a simple interest rate...

Question details

Phyllis invested $7,500, a portion earning a simple interest rate of 6 1/2% per year and the rest earning a rate of 6% per year.

After 1 year the total interest earned on these investments was $480. How much money did she invest at each rate? %

$ ____ at 6 1/2%
$ ____ at 6%
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