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 1090242: 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) About Me  (Show Source):
You can put this solution on YOUR website!
.
Your equation is 

0.047*(4x) + 0.084x = 408     dollars   (where x is the amount at 8.4%)


To make things easier, multiply both sides by 1000 to get

47*4x + 84x = 408000.


From this point, completing the solution is easy arithmetic.


I leave it to you.

                  H a p p y   l e a r n i n g  ! !