If x dollars is invested at 10 percent for one year and y dollars is invested at 8 percent for one year, the annual income from the 10 percent investment will exceed the annual income from the 8 percent investment by $48. If $1500 is the total amount invested, how much is invested at 8 percent? Select the correct option:	A) a. $280	B) b. $566.67	C) c. $892	D) d. $1108	E) e. $1200
2 equations with 2 unknowns   10x / 100 - 8y / 100 = 48   and   x + y = 1500   Solving these 2 equations, x = 933.33 and y = 566.67   Answer b. $566.67.
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If x dollars is invested at 10 percent for one year and y dollars is invested at 8 percent for one year, the annual income from the 10 percent investment will exceed the annual income from the 8 percent investment by $48. If $1500 is the total amount invested, how much is invested at 8 percent?