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David invests $\$7000$ in two different accounts. The first account paid 4 %, the second account paid 8 % ininterest. At the end of the first year he had earned $\$476$ in interest. How much was in each account?

 Feb 13, 2021
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Two amounts     x    and   7000- x

 

.04 x     +     .08 (7000 -x)  =   476       solve for 'x'  the 4% amount                the  8% other amount is 7000 - x

 Feb 13, 2021

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