SOLUTION: A man invested $1000, part at 4% and part at 5%. In the first year he earned $14 more from the 5% account than from the 4% account. Find the amount invested in each account.

SOLUTION: A man invested $1000, part at 4% and part at 5%. In the first year he earned $14 more from the 5% account than from the 4% account. Find the amount invested in each account.

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Question 369735: A man invested $1000, part at 4% and part at 5%. In the first year he earned $14 more from the 5% account than from the 4% account. Find the amount invested in each account.
I just need to know how to set up the problem not the total solution.
Thanks.
Answer by user_dude2008(1862) (Show Source): You can put this solution on YOUR website!
equation 1: x + y = 1000
equation 2: 0.05x=0.04y+14
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