olympiabran648 olympiabran648

15-10-2022
Mathematics

contestada

please help for 50 points.
The Smith and Jones manufacturing company keeps a third of its cash in the bank, which pays 0.5% interest, and the other two-thirds in long-term investments that give 3.5% interest. If the company earned a total of $37,500 in interest last year, how much cash did they keep in the bank?

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