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medium · GMAT Quantitative Reasoning

An investor has $20,000 to invest. He puts part of it into a fund paying 5% annual interest and the rest into a fund paying 8% annual interest, earning $1,360 in total annual interest.

How much did he invest at 8%?

  1. $15,000
  2. $12,000
  3. $17,000
  4. $8,000
  5. $10,000

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