SOLUTION: Cody invests $7700 in two different accounts. The first account paid 8 %, the second account paid 4 % in interest. At the end of the first year he had earned $472 in interest. How
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Question 1050975: Cody invests $7700 in two different accounts. The first account paid 8 %, the second account paid 4 % in interest. At the end of the first year he had earned $472 in interest. How much was in each account?
$______ at 8%
$______ at 4%
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
A person has 
currency units invested in 2 accounts.
One account earns 
percent interest, and the other account earns 
percent interest.
The two accounts earn a total of 
interest in one year.
How much is invested in each account?
Let 
be the amount invested at percent. Then the amount invested at percent is 
, and:
\ =\ I)
Solve for , then calculate
John
My calculator said it, I believe it, that settles it
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