SOLUTION: Ricky invests $9200 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 $536 in interest. How

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Ricky invests $9200 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 $536 in interest. How      Log On

interest + interest      = total interest

0.08*x   + 0.04*(9200-x) = 536.


Solve for x, where x = the amount invested at 8%.


Then evaluate 9200-x.