Answer :
Answer:
7% and 5%
Step-by-step explanation:
The computation of the two rates of interest is shown below;
The interest rate for $3,000 be x%
And, for $4,500 the interest rate is (x -2%)
The total interest earned is
= x% of $4,500 + (x - 2)% of $4,500
So, the two rates of interest is
x% of $4,500 + (x - 2)% of $4,500 = $435
30x + 45(x - 2) = $435
30x + 45x - 90 = $43
75x = $25
x = 7%
x - 2 = 7 - 2
= 5%