You invested $25,000 in 2 accounts paying 8% and 9% annual interest. If the total interest earned for the year was $2150, how much was invested at each rate?

Answer 1

X+Y = 25000

0.08X + 0.09Y = 2150

0.08X + 0.09 (25000 - x) = 2150

0.08X + 2250 - 0.09x = 2150

-0.01x = -100

x = 10000

10000 at 8% and 15000 at 9%

check:

800 + 1350 = 2150