Raymond B. answered 10/27/22
Math, microeconomics or criminal justice
.14x + .09(370,000-x) = 44,000
.14x -.09x = 44,000 - .09(370,000)
.05x = 44,000- 33,300
x = 10,700/.05
x = $214,000 invested at 14%
370,000-214,000 = $156,000 invested at 9%
check the answers
.14(214000) -.09(156000,)
= 29,960 + 14,040= 44,000
44000/370000= about 11.9 or 12%= average rate of return
12-9= 3
14-12= 2
3/2 = 1.5 = about 214/156=1.4
with rounding errors, they seem about equal