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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…

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…
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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%?

User Kmn
by
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1 Answer

4 votes
0.07x+0.06 (4000-x)=264
Solve for x
X=2400 invested at 7%
User Anudeep Gade
by
8.8k points
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