Question 83490
Let x = amount invested at 5%


The rest of the money would be 25000-x.  This is invested at 2% interest.

The total interest for the year is $980.


.05x + .02(25000-x) = 980
.05x + 500 - .02x = 980
.03x+500 -500 = 980-500
.03x= 480
{{{(.03x)/.03=480/.03= 16000}}}


x= $16000 at 5%
25000-x = $9000 at 2%


Check: 
.05*16000 = $800
.02* 9000 = $180
Total Int:  $980  it checks!!


R^2 at SCC