SOLUTION: Jarvis invested some money at 14% interest. Jarvis also invested $223 more than 3 times that amount at 11%. How much is invested at each rate if Jarvis receives $1178.38 in int

SOLUTION: Jarvis invested some money at 14% interest. Jarvis also invested $223 more than 3 times that amount at 11%. How much is invested at each rate if Jarvis receives $1178.38 in int

Algebra.Com

Question 1080370: Jarvis invested some money at 14% interest. Jarvis also invested $223 more than
3 times that amount at 11%. How much is invested at each rate if Jarvis receives
$1178.38 in interest after one year?
Answer by jorel1380(3719) (Show Source): You can put this solution on YOUR website!
Let n and 3n+223 equal the amounts invested at 14% and 11%, respectively. Then:
.14n+.11(3n+223)=1178.38
.47n=1153.85
n=$2455 invested at 14%, and $7588 invested at 11%. ☺☺☺☺
RELATED QUESTIONS
Jarvis invested some money at 14% interest. Jarvis also invested $190 more than 2 times... (answered by stanbon)

Jarvis invested some money at 5% interest. Jarvis also invested $152 more than 3 times... (answered by Theo)

Jarvis invested some money at 12% interest. Jarvis also invested $92 more than 2 times... (answered by stanbon)

James invested some money at 14% interest. James also invested $54 more than 2 times that (answered by josmiceli)

George invested some money at 14% interest. George also invest $166 more than 3 times... (answered by ikleyn)

Sally invested some money at 14% interest. Sally also invested $207 more than 5 times... (answered by Fombitz)

James invested some money at 6% interest. James also invested $209 more than 3 times that (answered by mananth)

Sang invested some money at 13% interest. Sang also invested $66 more than 3 times that... (answered by ikleyn)

"James invested some money at 10% interest. James also invested $90 more than 3 times... (answered by tehreem,MathTherapy)