James invested some money at 8% interest. James also invested $220 more than 44 times that amount at 14% How much is invested at each rate if James receives $2407.12 in interest after one year? (Round to two decimal places if necessary.) Step 1 of 2:  Use the variables x and y to set up a system of equations to solve the given problem.

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter7: Conic Sections And Quadratic Systems
Section7.4: Solving Nonlinear Systems Of Equations
Problem 62E
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James invested some money at 8% interest. James also invested $220 more than 44 times that amount at 14% How much is invested at each rate if James receives $2407.12 in interest after one year? (Round to two decimal places if necessary.)

Step 1 of 2: 

Use the variables x and y to set up a system of equations to solve the given problem.

 

answer = 

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