Answer:
Amount at 15%=$2,411
Amount at 14%=$7,405
Step-by-step explanation:
let
x= the amount at 15% rate.
y=amount at 14% rate
y= x times 3 plus $172
y= 3x + $172 (1)
x times 15% plus y times 14% equals a return of $1,398.35 after one year
0.15x + 0.14y= $1,398.35 (2)
Recall,
y= 3x + $172
Substitute (1) into (2)
0.15x + 0.14y= $1,398.35
0.15x + 0.14(3x+172)=1398.35
0.15x + 0.42x + 24.08=1398.35
Collect like terms
0.15x + 0.42x=1398.35 - 24.08
0.57x=1374.27
Divide both sides by 0.57
x=2,411
x=$2,411
Find y
y= 3x + $172
=3(2,411) + 172
=7,233+172
=7,405
y=$7,405
Amount at 15%=$2,411
Amount at 14%=$7,405
Check:
$2,411*0.15=$361.65
$7,405*0.14=$1036.70
Total=$361.65 + $1036.70
=$1,398.35
