$8800 is invested in two different accounts. One account pays 19% simple interest per year and the other account pays 24% simple interest per year. If the total interest earn in one year is $2027.00, how much is invested at each rate?
Let be the amount invested at 19%. Then
is amount invested at 24%. This gives the equation
. Solving for
gives
. So the amount in the other account is $7100.