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19-01-2020
Mathematics

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A mutual fund pays 6% interest on all funds deposited for 1 month or longer. Jim wants to take advantage of the 6%
interest rate and transfers a portion of his savings account to the mutual fund. After one year, Jim's investment in the
mutual fund has earned $125 in interest. How much of his savings did Jim invest in the mutual fund?

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19-01-2020

Answer: u75

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