Question 178776
let x and y be the amount of money invested at 8 and 11%, respectively
:
x+y=24000.........eq 1
.08x+.11y=2340....eq 2
:
rewrite eq 1 to x=24000-y and plug that value into eq 2
:
.08(24000-y)+.11y=2340
:
1920-08y+.11y=2340
:
.03y=420
:
${{{highlight(14000)}}}invested at 11%
:
${{{highlight(x=24000-14000=10000)}}}invested at 8%