document.write( "Question 1201076: Formulate a system of equations for the situation below and solve.\r
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document.write( "Michael Perez deposited a total of $2000 with two savings institutions. Bank A pays interest at the rate of 5%/year, whereas Bank B pays interest at the rate of 7%/year. If Michael earned a total of $108 in interest during a single year, how much did he deposit in each institution?
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document.write( "Bank A $
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document.write( "Bank B $
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Algebra.Com's Answer #835332 by ikleyn(52776)![]() ![]() You can put this solution on YOUR website! .\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "To see many other similar solved problems using one equation in one unknown, look into the lesson\r \n" ); document.write( "\n" ); document.write( " - Typical investment problems\r \n" ); document.write( "\n" ); document.write( "in this site.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "To see many other similar solved problems using systems of two equations in two unknowns, look into the lesson\r \n" ); document.write( "\n" ); document.write( " - Using systems of equations to solve problems on investment\r \n" ); document.write( "\n" ); document.write( "in this site.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |