Let x = amount invested in 2% CD and y = amount invested in 3% CD x + y = 60000 0.02x + 0.03y = 1600 SOLVE THE 1st EQUATION FOR x AND SUBSTITUTE RESULT IN 2nd 0.02(60000 - y) + 0.03y = 1600 1200 - 0.02y + 0.03y = 1600 0.03y = 400 y = 13333.34 x = 46666.66