Question: Interest. A high school student was able to save $ 5 0 0 0 by working a part - time job every summer. He invested
Interest. A high school student was able to save $ by working a parttime job every summer. He invested half the money in a money market account and half the money in a stock that paid three times as much interest as the money market account. After a year he earned $ in interest. What were the interest rates of the money market account and the stock?
Enter the exact answers as percentages.
The interest rate in the Money Market Account was
The interest rate in the Stock was
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