algebra

sam saved his money until he had $10000 to invest.he invested x dollars into certificate of deposit (cd) with an annual interest rate of 2% and the remaining y dollars into a mutual fund with annual interest of 1.5% total interest earned from both account one year was $193 dollars what is the value of y ?

  1. 👍 4
  2. 👎 1
  3. 👁 1,686
  1. well, x+y = 10000, so x=10000-y and you have

    .02(10000-y)+.015y = 193

    1. 👍 3
    2. 👎 2
  2. 1400

    1. 👍 7
    2. 👎 0
  3. $1,400

    1. 👍 0
    2. 👎 0

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