SOLUTION: Bruce Blossom invested a sum of money at 10% annual simple interest and invested twice that amount at 12% annual simple interest. If his total yearly income from both investments w

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Question 59265This question is from textbook Beginning Algebra
: Bruce Blossom invested a sum of money at 10% annual simple interest and invested twice that amount at 12% annual simple interest. If his total yearly income from both investments was $2890,how much was invested at each rate? This question is from textbook Beginning Algebra

Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
.1%2Ax+%2B+.12%2A2x+=+2890
.1x+%2B+.24x+=+2890
.34x+=+2890
x+=+8500
$8500 was invested @ 10%
17,000 was invested @ 12%
check
.1x+%2B+.24x+=+2890
.1%2A8500+%2B+.24%2A8500+=+2890
850+%2B+2040+=+2890
2890+=+2890
OK