SOLUTION: A professional athlete deposited an amount of money into a high-yield mutual fund that earns 13% annual simple interest. A second deposit, $2500 more than the first, was placed in

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Question 43684This question is from textbook Beginning Algebra with Applications
: A professional athlete deposited an amount of money into a high-yield mutual fund that earns 13% annual simple interest. A second deposit, $2500 more than the first, was placed in a certificate of deposit earning 7% annual simple interest. In one year, the total interest earned on both investments was $475. How much money was invested in the mutual fund?This question is from textbook Beginning Algebra with Applications

Answer by checkley71(8403) About Me  (Show Source):
You can put this solution on YOUR website!
.13x+2500*.07=475 or .13x=475-175 or .13x=300 or x=$2307.69 invested in high yield mutual fund.