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Phyllis invested $8,000, a portion earning a simple interest rate of 3 1/5 % per year...

Phyllis invested $8,000, a portion earning a simple interest rate of 3 1/5 % per year and the rest earning a rate of 3% per year. After one year the total interest earned on these investments was $254.00. How much money did she invest at each rate?

at 3 1/5 % per year $ ___________

at 3% per year $______________

Math   Precalculus   
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