hard · GMAT Quant
An investment of $10,000 earns 10 percent annual interest compounded semi-annually. A second investment of $10,000 earns R percent simple annual interest. After one year, the total interest earned by both investments is exactly $2,050.
What is the value of R?
- 10.50
- 10.00
- 11.00
- 10.25
- 9.75
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