SOLUTION: A person plans to invest four times as much in an account at 4.7​% interest as in an account at 8.4​% annual interest. How much should the person invest in each account

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Question 1090240: A person plans to invest four times as much in an account at 4.7​% interest as in an account at 8.4​% annual interest. How much should the person invest in each account to earn a total of $408 in one​ year?
Answer by ikleyn(52781)   (Show Source): You can put this solution on YOUR website!
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The last two lines of the solution are

272x = 408000,

x =  = 1500.


Answer.  $1500  at 8.4%  and  $6000 at 4.7%.


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