Miles invests
So, Miles invested
Step 1 :Let's denote the amount of money invested at 14% as
Step 2 :From the problem, we know that the total amount of money invested is $4500, so we have the equation
Step 3 :We also know that the total interest earned is $390, and the interest is calculated as 14% of
Step 4 :We can solve the first equation for
Step 5 :Substitute
Step 6 :Solving this equation for
Step 7 :Substitute
Step 8 :So, Miles invested