Hi,

If jake has $$20,000 to invest in two accounts.

 With one account with amount earns 1% simple interest.

 And second account with amountearns 3%. 

 x + y = 20,000    0r  x = ($20,000 - y)

Question states***earn exactly &450.00 at the end of the year

 .01($20,000-y) + .03y = 450

 .01($20,000) - .01y + .03y = 450

  $200 - .01y + .03y = 450

                     .02y = 250

                        y =  = $75 + $375 = $450

Wish You the Best in your Studies.



        

   

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