SOLUTION: Jarvis invested some money at 12% interest. Jarvis also invested $92 more than 2 times that amount at 7%. How much is invested at each rate if Jarvis receives $1088.82 in interest

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Question 1001100: Jarvis invested some money at 12% interest. Jarvis also invested $92 more than 2 times that amount at 7%. How much is invested at each rate if Jarvis receives $1088.82 in interest after one year? (Round to two decimal places if necessary)
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
Jarvis invested some money at 12% interest. Jarvis also invested $92 more than 2 times that amount at 7%. How much is invested at each rate if Jarvis receives $1088.82 in interest after one year? (Round to two decimal places if necessary)
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Equation:
0.12x + 0.07(2x+92) = 1088.82
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Multiply thru by 100 to get:
12x + 14x + 644 = 108882
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26x = 108238
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Ans: x = $4163
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Cheers,
Stan H.
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