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Part of $20,000 was invested at 5% and the rest at 8%, both at simple interest. At the end of 2 years, the total income from both investments was $2,720. How much was invested at 5%?
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consider x portion on 5% so after 2 years its x*2*5/100 and rest is 20000-x on 8% so after 2 years (20000-x)*2*|dw:1316106156896:dw|
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