document.write( "Question 519613: $2500 is to be deposited in Bank A and Bank B. The interest rate per annum for Bank A is 6% while for Bank B is 6.5%. (or 6 1/2 %,whole fraction). After one year, their interests are equal. How much money is to be deposited in each bank?\r
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\n" ); document.write( "\n" ); document.write( "I need steps and format to it!
\n" ); document.write( "The answers are:Bank A :$1300
\n" ); document.write( "The answers are : Bank B: $1200 \n" ); document.write( "
Algebra.Com's Answer #345709 by Earlsdon(6294)\"\" \"About 
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Let x = the amount deposited in bank A @ 6% per annum, then the remainder of the $2,500, or (2500-x) is deposited in bank B @ 6.5% per annum.
\n" ); document.write( "The interest earned on these two deposits is equal.
\n" ); document.write( "The earned interests can be expressed as:
\n" ); document.write( "Bank A: 0.06x
\n" ); document.write( "Bank B: (0.065)(2500-x)
\n" ); document.write( "Set these two amounts equal:
\n" ); document.write( "0.06x = (0.065)(2500-x) Simplify.
\n" ); document.write( "0.06x = 162.5-0.065x Add 0.065x to both sides.
\n" ); document.write( "0.125x = 162.5 Divide by 0.125
\n" ); document.write( "x = $1300 and 2500-x = $1200
\n" ); document.write( "$1,300.00 was deposited in bank A and $1,200.00 was deposited in bank B.
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