# 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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