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Bill invests his savings into two different accounts, Account A, paying 7% simple interest per year, and Account B, paying 14% simple interest per year.
Bill invests his savings into two different accounts, Account A, paying 7% simple interest per year, and Account B, paying 14% simple interest per year. He puts twice as much money into Account A, because it is less risky. He earns $6,188 in interest over one year.
How much money (in dollars) did he invest at each rate?
amount invested in Account A$ _______
amount invested in Account B$ _______
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