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Any assistance with this word problem would be greatly appreciated. Thank you! An investment club used funds totaling $300,000 to invest in a bio-tech company and in an ethanol plant, with hopes of earning 12% and 16% annual simple interest, respectively. Their hunch paid off. The club made a total of $38,600 interest the first year. How much was invested at each rate? $ ____________ at 12% $ ____________ at 16%
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