SOLUTION: George invested $19,000 for one year, part at 11% and part at 12%. If he earned a total of $2,200 in simple interest, how much was invested at each rate?

SOLUTION: George invested $19,000 for one year, part at 11% and part at 12%. If he earned a total of $2,200 in simple interest, how much was invested at each rate?

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Question 251349: George invested $19,000 for one year, part at 11% and part at 12%. If he earned a total of $2,200 in simple interest, how much was invested at each rate?
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
.12*x+.11(19000-x)=2200
.12(11000)+.11(8000)=2200
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