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OpenStudy (anonymous):
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%? @heather040200
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OpenStudy (anonymous):
Let x = the amount invested at 7% and 4,000 - x = the amount invested at 6%. The interest for both account = 264, so you can write the formula: 0.07x + [0.06 (4,000 - x)] = 264 Now just solve for x x = $2,400
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