SOLUTION: Jarvis invested some money at 14% interest. Jarvis also invested $223 more than
3 times that amount at 11%. How much is invested at each rate if Jarvis receives
$1178.38 in int
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-> SOLUTION: Jarvis invested some money at 14% interest. Jarvis also invested $223 more than
3 times that amount at 11%. How much is invested at each rate if Jarvis receives
$1178.38 in int
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Question 1080370: Jarvis invested some money at 14% interest. Jarvis also invested $223 more than
3 times that amount at 11%. How much is invested at each rate if Jarvis receives
$1178.38 in interest after one year? Answer by jorel1380(3719) (Show Source):
You can put this solution on YOUR website! Let n and 3n+223 equal the amounts invested at 14% and 11%, respectively. Then:
.14n+.11(3n+223)=1178.38
.47n=1153.85
n=$2455 invested at 14%, and $7588 invested at 11%. ☺☺☺☺
