SOLUTION: Harry has $4000 invested in two savings accounts. One account earns 6% interest per year, and the other pays 7% per year. If his total interest for the year is $264, how much is in

Question 314181: Harry has $4000 invested in two savings accounts. One account earns 6% interest per year, and the other pays 7% per year. If his total interest for the year is $264, how much is invested at 7%?
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!
Let A be the amount at 6% and B be the amount at 7%.
Total amount
1.
Total interest

Multiply eq.1 by (-6) and add to eq. 2,

Then from eq. 1,

He has $1600 invested at 6%, $2400 invested at 7%.
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