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Rajiv Puri invested part of his $\$ 20,000$ inheritance in a mutual fund account that pays $7 \%$ simple interest yearly and the rest in a certificate of deposit that pays $9 \%$ simple interest yearly. At the end of one year, Rajiv's investments earned $\$ 1550$. Find the amount he invested at each rate.

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1 of 8The goal of this task is to find the amount Rajiv Puri invested at $2$ different rates. Is is given that he invested part of his $$20,000$ in a fund that pays $7\%$ simple interest yearly and the rest in a certificate of deposit that pays $9\%$ simple interest yearly. At the end of one year, his investments earned $\$1550$.

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