SOLUTION: A broker has invested $21,500 in 2 mutual funds, one earning 9% annual interest and the other earning 14%. After 1 year, his combined interest is $2860. How much was invested at ea

Question 1130942: A broker has invested $21,500 in 2 mutual funds, one earning 9% annual interest and the other earning 14%. After 1 year, his combined interest is $2860. How much was invested at each rate?
Answer by josgarithmetic(39625) (Show Source): You can put this solution on YOUR website!
x at 9%
y at 14%

Simplify the interest equation and solve for x.
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