9514 1404 393
Answer:
Step-by-step explanation:
The 1-year interest is simply the invested amount times the interest rate.
Let r represent the lower interest rate. Then r+0.02 is the higher rate, and the total interest earned is ...
1400r + 900(r +.02) = 202
2300r +18 = 202 . . . . . . . . . .simplify
2300r = 184 . . . . . . . . . .subtract 18
r = 184/2300 = 0.08 = 8% . . . . . . divide by the coefficient of r
$1400 was invested at 8%.
$900 was invested at 10%.
