Problema Solution

17,100 is invested between two accounts: one paying 2% simple interest and other paying 1$% simple interest. After 1 year the total interest was 250. How much was invested

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17,100 is invested between two accounts: one paying 2% simple interest and other paying 1$% simple interest. After 1 year the total interest was 250. How much was invested

let invested in 2% = $x

invested in 1% = $(17100-x)

interest earned = 2x/100 + (17100-x)/100

=> x + 17100 = 25000

=> x = 7900

invested in 2% = $7900

invested in 1% = $9200