Lindsey Pollard
03/25/2023 · Middle School
Mark invested R3 600 and R2 800 in two separate accounts at the same time. Both accounts earn simple interest rates, but the R3 600 account earns interest at a rate that is 2,3\% per annum more than the interest rate on the R2 800 account. After a year, the two accounts together have earned R374 interest, Calculate the larger of the two interest rates as a percentage, round off to two decimal places. \( 6,85 \% \) ।
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The larger interest rate is \( 6.85 \% \) per annum.
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