SOLUTION: Sherrie invested some money at 14% interest. Sherrie also invested $186
more than 2 times that amount at 10%. How much is invested at each rate if Sherrie receives $967.20
in in
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Question 1134217: Sherrie invested some money at 14% interest. Sherrie also invested $186
more than 2 times that amount at 10%. How much is invested at each rate if Sherrie receives $967.20
in interest after one year? (Round to two decimal places if necessary.)
$----- amount invested at 14%
$---- amount invested at 10%
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
For simple interest:
----------------------------
----------------------------
(1)
and
(2)
Add (1) and (2)
and
(1)
(1)
and
and
--------------------------------
$2,790 invested @ 14%
$5,766 invested @ 10%
--------------------------------
check:
OK
OK
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