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Atotal of $60,000 was invested for one year. But of this amount earned simple annual interest at the rate of xpercent per year, and the rest earned simple annual interest at the rate of ypercent per year. If the total interestearned by the $60,000 for that year was $4,080, what is the value of x? (1) x =(3/4) y (2) The ratio of the amount that earned interestat the rate of x percent per year to the amount that earned interest at therate of y percent per year was 3 to 2. A.Statement (1) ALONE is sufficient, but statement (2) alone is notsufficient. B.Statement (2) ALONE is sufficient, but statement (1) alone is notsufficient. C.BOTH statements TOGETHER are sufficient, but NEITHERstatement ALONE is sufficient. D.EACH statement ALONE is sufficient. E.Statements (1) and (2) TOGETHER are NOT sufficient. |
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