document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=719025>Question 719025</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Scott invested a total of $6300 at two separate banks. One bank pays simple interest of 11% per year while the other pays simple interest of 7% per year. If Scott earned $565.00 in interest during a single year, how much did he have on deposit in each bank? </SPAN>\n" );
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document.write( "Let 'x' be the amount invested in bank1 <BR>\n" );
document.write( "Therefore, amount invested in Bank2 = 6300 - x\r<BR>\n" );
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document.write( "Interest = PTR/100 , T = 1 year\r<BR>\n" );
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document.write( "Total interest from 2 banks = 11x/100 + 7(6300 - x) /100 = 565\r<BR>\n" );
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document.write( "11x + 44100 - 7x = 56500\r<BR>\n" );
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document.write( "4x = 12400 or x = 3100\r<BR>\n" );
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document.write( "Scott Invested $3100 in first bank and $3200 in second bank </SPAN>\n" );
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