Formulate a system of equations for the situation below and solve. Michael Perez deposited a total of $2000 with two savings institutions. Bank A pays interest at the rate of 6%/year, whereas Bank B pays interest at the rate of 8%/year. If Michael earned a total of $132 in interest during a single year, how much did he deposit in each institution? Bank A $ Bank B $
Formulate a system of equations for the situation below and solve. Michael Perez deposited a total of $2000 with two savings institutions. Bank A pays interest at the rate of 6%/year, whereas Bank B pays interest at the rate of 8%/year. If Michael earned a total of $132 in interest during a single year, how much did he deposit in each institution? Bank A $ Bank B $
Chapter4: Systems Of Linear Equations
Section4.2: Solve Applications With Systems Of Equations
Problem 4.43TI: Translate to a system of equations and then solve: A Mississippi river boat cruise sailed 120 miles...
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Formulate a system of equations for the situation below and solve.
Michael Perez deposited a total of $2000 with two savings institutions. Bank A pays interest at the rate of 6%/year, whereas Bank B pays interest at the rate of 8%/year. If Michael earned a total of $132 in interest during a single year, how much did he deposit in each institution?
Bank A | $ |
Bank B | $ |
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