SOLUTION: Armando lends money to Alberto at 4% per year and deposits triple that amount in the bank at 5%. At the end of the year, the total interest he receives is $ 1,330. How much do you

Question 1161935: Armando lends money to Alberto at 4% per year and deposits triple that amount in the bank at 5%. At the end of the year, the total interest he receives is $ 1,330. How much do you lend to Alberto and how much deposit in the bank?
Found 2 solutions by ikleyn, greenestamps:
Answer by ikleyn(52858) (Show Source): You can put this solution on YOUR website!
.
Armando lends money to Alberto at 4% per year and deposits triple that amount in the bank at 5%.
At the end of the year, the total interest he receives is $ 1,330.
How much do you lend to Alberto and how much deposit in the bank?
~~~~~~~~~~~~~

It looks like that when you started write your question,

you just forgot who is who and what you wrote in the line above in the "given" part.

Answer by greenestamps(13203) (Show Source): You can put this solution on YOUR website!

The interest of $1330 is 4% of the x amount loaned to Alberto plus 5% of the 3x amount deposited in the bank:

Loan to Alberto: x = $7000
Deposited in the bank: 3x = $21,000

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