You invested $10,000 in two funds paying 1.3% and 1.7% annual interest. At the end of the year, the total interest from these investments was $158. How much was invested in the account earning 1.7% annual interest?

You invested $10,000 in two funds paying 1.3% and 1.7% annual interest. At the end of the year, the total interest from these investments was $158.

How much was invested in the account earning 1.7% annual interest?

Expert Answer

Let's call the amount invested at 1.3% "x" and the amount invested at 1.7% "y". We know that the tot View the full answer