SOLUTION: George invested some money at 5% interest. George also invested $219more than 44 times that amount at 10%. How much is invested at each rate if George receives $922.80 in in
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Question 1134086: George invested some money at 5% interest. George also invested $219more than 44 times that amount at 10%. How much is invested at each rate if George receives $922.80 in interest after one year? (Round to two decimal places if necessary.)
------- amount invested at 5%
-------- amount invested at 10%
Answer by greenestamps(13200) (Show Source): You can put this solution on YOUR website!
x = amount at 5%
44x+219 = amount at 10%
.05(x) = interest at 5%
.10(44x+219) = interest at 10%
The total interest is $922.80:
.05(x) + .10(44x+219) = 922.80
Solve....
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