Question: A student earned $4000 during the summer and decided to put half into an IRA (Individual Retirement Account). If the IRA was invested in two

A student earned $4000 during the summer and decided to put half into an IRA (Individual Retirement Account). If the IRA was invested in two accounts earning 4.0% and 5.0%, the total income for the first year is $92. The equations to determine the amounts of x and y are

x + y = 2000 0.040x + 0.050y = 92

Are the amounts x = $1200 and y = $800?

x + y = 2000 0.040x + 0.050y = 92

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