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A Total of $25,000 Was Invested in Two Accounts for One

Question 205

Multiple Choice

A total of $25,000 was invested in two accounts for one year and the amount earned was $1,550. Part of the money was invested at 6% and the rest at 7%. Write a system of two equations in two unknowns that would model the situation. Let x = amount invested at 6% and y = amount invested at 7%.


A) {x+y=1,550.06x+.07y=25,000\left\{ \begin{array} { l } x + y = 1,550 \\.06 x + .07 y = 25,000\end{array} \right.
B) {x+y=25,000.6x+7y=1,550\left\{ \begin{array} { l } x + y = 25,000 \\.6 x + 7 y = 1,550\end{array} \right.
C) {x+y=1,550.6x+7y=25,000\left\{ \begin{array} { l } x + y = 1,550 \\.6 x + 7 y = 25,000\end{array} \right.
D) {x+y=25,000.06x+.07y=1,550\left\{ \begin{array} { l } x + y = 25,000 \\.06 x + .07 y = 1,550\end{array} \right.

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