document.write( "Question 1094271: James invested a total of $5,600 in two banks.He invested in Bank A at an annual interest rate of 6% and Bank B at annual interest rate of 8%. After one year,the total interest earned was $410.50. How much money did James invest in each bank? \n" ); document.write( "
Algebra.Com's Answer #708865 by richwmiller(17219)![]() ![]() You can put this solution on YOUR website! 1)x+y=5600 \n" ); document.write( "2).06x+.08y=410.50 \n" ); document.write( "multiply #2 by 100 \n" ); document.write( "3)6x+8y=41050 \n" ); document.write( "multiply #1 by 6 \n" ); document.write( "6x+6y=6*5600 \n" ); document.write( "4)6x+6y=33600 \n" ); document.write( "subtract #4 from #3 \n" ); document.write( "3)6x+8y=41050 \n" ); document.write( "4)6x+6y=33600 \n" ); document.write( "2y=41050-33600=7450 \n" ); document.write( "y=7450/2 \n" ); document.write( "y=3725 at 8% \n" ); document.write( "x=5600-3725=1875 at 6% \n" ); document.write( " \n" ); document.write( " |