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Re: Tom invested part of $8,000 at 3 percent and the rest at 5 percent a [#permalink]
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If the entire $8000 were invested at 3% the return would be $240 and if it were invested at 5% the return would be $400. Since the actual return of $340 is closer to $400 than $240, a greater proportion of the money must have been invested at 5%. Thus the correct answer is (B).
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Re: Tom invested part of $8,000 at 3 percent and the rest at 5 percent a [#permalink]
Question did not mention whether its compound or simple interest. So I thought Relation cannot be determined would be the answer. Those are the only 2 possibilities.
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Re: Tom invested part of $8,000 at 3 percent and the rest at 5 percent a [#permalink]
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In this case the interest is uniform.

There is nothing that suggests us it is compounded.

It reasonable to think that it is simple.

However, I reckon that could be there the benefit of doubt
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