we know that
The simple interest formula is equal to

where
P is the Principal amount of money to be invested
I is the amount of money in interest
r is the rate of interest
t is Number of Time Periods
in this problem we have

substitute in the formula above and solve for P

![P=14.65/[(0.025)(2)]](https://tex.z-dn.net/?f=P%3D14.65%2F%5B%280.025%29%282%29%5D)

therefore
<u>the answer is</u>

Eq. 1 .10x + .25y = 9.45
Eq. 2 x + y = 60 rewrite as x = 60 - y and substitute into equation 1.
.10(60 - y) + .25y = 9.45
6 - .1y + .25y = 9.45
6 + .15y = 9.45
.15y = 3.45
y = 23
60 - 23 = 37
23 quarters
37 dimes
23* .25 = 5.75
37 * .1 = 3.70
5.75 + 3.70 =9.45
Answer:
Step-by-step explanation: