SOLUTION: $23,803 is invested, part at 8% and the rest at 5% if the interest earned from the amount invested at 8% exceeds the interest earned from amount invested at 5 % by $357.89, how muc
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Question 832140: $23,803 is invested, part at 8% and the rest at 5% if the interest earned from the amount invested at 8% exceeds the interest earned from amount invested at 5 % by $357.89, how much is invested at each rate? I would like for someone to set up a system of two linear equations that represents the information in the problem. Answer by richwmiller(17219) (Show Source):
