document.write( "Question 1163118: Sam saved his money until he had $10 000 to invest. He invested x dollars into a certificate of deposit with an annual interest of 2.0%, and the remaining y dollars into a mutual fund with an annual interest rate of 1.5%. If his total interest earned from both accounts after one year was $193, which of the following is the value of y? \n" ); document.write( "

Algebra.Com's Answer #787106 by MathTherapy(10552) $\"\"$ $\"About$

You can put this solution on YOUR website!

\n" ); document.write( "Sam saved his money until he had $10 000 to invest. He invested x dollars into a certificate of deposit with an annual interest of 2.0%, and the remaining y dollars into a mutual fund with an annual interest rate of 1.5%. If his total interest earned from both accounts after one year was $193, which of the following is the value of y?
\n" ); document.write( "

I thought that \"which of the following\" would PRECEDE a list of choices. Why aren't those choices listed?\r
\n" );
document.write( "\n" );
document.write( "With \"y\" being the amount invested at 1.5%, amount invested at 2%/x = 10,000 - y
\n" );
document.write( "We then get: .02(10,000 - y) + .015y = 193
\n" );
document.write( "              200 - .02y + .015y = 193
\n" );
document.write( "           - .02y + .015y = 193 - 200 
\n" );
document.write( "           - .005y = - 7
\n" );
document.write( "              Amount invested at 1.5%, or  \n" );
document.write( "

\n" );