Question 977188
Total amount of money invested: $44500
x+y=44500,
Total yearly interest for the two accounts is: $950
0.03*x+0.02*y=950
x=44500-y
Substitute for x
0.03*(44500-y)+0.02*y=950
Multiply out
1335-0.03*y+0.02*y=950
Combine like terms.
-0.01*y=-385
Isolate y
y=$   38500.00 at 2% earns $770 interest
x=44500-y
Calculate x
x=$    6000.00 at 3% earns $180 interest
Check
0.03*6000+0.02*38500=950
180+770=950
950=950