Answer:
Let X be the amount Jaheem invested in the first money market, and Y be the amount he invested in the second money market. We can set up the following system of equations to represent the given information:
X + Y = 10000 (1)
0.125X + 0.0825Y = 925 (2)
We can solve this system of equations using any method of your choice, such as elimination or substitution.
Using elimination, we can multiply equation (1) by 0.125 and equation (2) by 10,000 to eliminate Y:
1.25X + 1250Y = 1250000
125X + 82500Y = 9250000
Subtracting the first equation from the second gives us:
124X + 82350Y = 8037500
Y = (8037500 - 124X)/82350
Substituting this expression for Y into equation (1) and solving for X gives us:
X + (8037500 - 124X)/82350 = 10000
X = $7,500
Therefore, Jaheem invested $7,500 in the first money market and $2,500 in the second money market.
Explanation:
SELF EXPLANATORY