document.write( "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%? \n" ); document.write( "
Algebra.Com's Answer #224618 by Fombitz(32388)![]() ![]() You can put this solution on YOUR website! Let A be the amount at 6% and B be the amount at 7%. \n" ); document.write( "Total amount \n" ); document.write( "1. \n" ); document.write( "Total interest \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "Multiply eq.1 by (-6) and add to eq. 2, \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "Then from eq. 1, \n" ); document.write( " \n" ); document.write( "He has $1600 invested at 6%, $2400 invested at 7%. \n" ); document.write( " |