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April 18, 2015

April 18, 2015

Posted by **Bill** on Tuesday, January 23, 2007 at 10:30pm.

Designate the beginning value of one account as X and the other as $6400 - X. This leads to the following formula:

.05X + .08(6400 - X) = 460

Solve for X to determine the original amount for the parents and work from there.

I hope this helps. Thanks for asking.

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