Question 23197
Let amount invested at 2% be "x"
Then amount invested at 12% is "38000-x"
Interest at 2% is 0.02x
Interest at 12% is 0.12(38000-x)= 4560-o.12x
EQUATION:
  Int. at 2% + Int. at 12% = $2760
     0.02x + 4560-0.12x = 2760
        2x + 456000- 12x = 276000
                   -10x = -180000
                      x = $18,000  (amount invested at 2%)
               38000-x = $20000    (amount invested at 12%)

Cheers,
Stan H.