A total of $50,000 is to be invested at interest rates of 2% and 5%, respectively. The total interest to be earned is $1,975. How much should be invested at each rate? Choices : A: $25,000 at the 2% rate and $29,500 at the 5% rate B: $1,975 at the 2% rate and $50,000 at the 5% rate C: $20,000 at the 2% rate and $30,000 at the 5% rate D: $17,500 at the 2% rate and $32,500 at the 5% rate
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
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Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
A total of $50,000 is to be invested at interest rates of 2% and 5%, respectively. The total interest to be earned is $1,975. How much should be invested at each rate?
Choices :
A: $25,000 at the 2% rate and $29,500 at the 5% rate
B: $1,975 at the 2% rate and $50,000 at the 5% rate
C: $20,000 at the 2% rate and $30,000 at the 5% rate
D: $17,500 at the 2% rate and $32,500 at the 5% rate
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