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02-01-2023
Mathematics

Answered

16. Weiming deposited a total of $25 000 in Bank A

and Bank B at the beginning of 2020. Bank A and

Bank B pay simple interest at rates of 0. 6% and

0. 65% per annum respectively. He withdrew all

his money from the two banks at the end of 2020.

If he earned the same amount of interest from each

bank, find the amount of money he deposited in

each bank.

Answer :

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