Problema Solution

an investor deposited an amount of money into high-yield mutual fund that returns a 9% annual simple interest rate. A second deposit, $2,500 more than the first, was placed in a certificate of deposit that returns a 5% annual simple interest rate. The total interest earned on both investments for one year was $475. How much money was deposited in the mutual fund?

Answer provided by our tutors

                     x * 9/100 + (x + 2500)*5/100 = 475

                    14x + 12500 = 47500

                        x = 35000/14 = 2500

Total = $ 7500