Question

Yesenia invests $24,000 into two funds - one paying a 3% annual interest rate and the other
paying a 7% annual interest rate. If Yesenia earns a total of $1000 in interest at the end of the
year, find out how much money she invested in each account.

Answer 1

We have that how much money she invested in each account is

x=13600

y=10400

From the question we are told that

• Yesenia invests $24,000 into two funds
• one paying a 3% annual interest rate and the other  paying a 7% annual interest rate
• Yesenia earns a total of $1000 in interest at the end of the  year

Hence

x+y=24000.....1

Generally the equation for the interest earned  is mathematically given as

$\frac{3x}{100}+\frac{7y}{100}=1000$

$2x+7y=100000$.....2

Solving both equ 1 and 2 simultaneously

x=13600

y=10400

For more information on this visit

https://brainly.com/question/22597509