Larry invested part of his $11,000 advance at 2% annual simple interest and the rest at 4%. If his total yearly interest from both accounts was $260 find the amount invested at each rate.

Step-by-step explanation:

From the question we are told that

Principle

Rate 1

Rate 1

Total Interest

Let

Amount at

Amount at

Generally the equation for the simple interest is mathematically given as

Therefore

Amount at  

Amount at  

the answer would be 1 1/72

step-by-step explanation:

you can rewrite the equation by separating the parts and then solving individually:

10-9=1

1/8 - 1/9=

find l c d and then combine:

1 1/72