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Ms. Jonas invested an amount of $13900 divided in two different investments A and B at the simple interest rate of 14% and 11%, respectively. If the total amount of simple interest earned in 2 years be 3508, what was the amount invested in investment B?

Question

Ms. Jonas invested an amount of $13900 divided in two different investments A and B at the simple interest rate of 14% and 11%, respectively. If the total amount of simple interest earned in 2 years be 3508, what was the amount invested in investment B?

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Step 1

Let the investment A be x, then the investment B becomes $(13,900-x) as Mr. Jonas invested an amount of $13,900 at two different rates 14% and 11%, respectively. It is known that the total amount of simple interest earned in 2 years is 3508. This gives

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Step 2

Calculate the interest amount at 14%  in 2 years as follows.

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Step 3

Calculate the interest amount at 11%...

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