How can I set up a question with simple interest?

Question

Lindsay invested a total of $14,000 in two savings accounts. The first account paid 6.5% per year, and the second paid 8% per year (both simple interest). Lindsay earned a total of $950.50 from the two accounts. How much did she have invested in each account?

Currently, I have x representing the amount she put in the first account and y representing the amount she put in her second account.

I have the equation x + y = 14,000, but I'm unsure where to go from there.

Answer 1

You need an equation concerning the interest.

.065x + .08y = 950.50

Then, solve the equations simultaneously.