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) About Me  (Show Source):
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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:



Solve for , then calculate

John

My calculator said it, I believe it, that settles it