Latoya R.

asked • 09/29/21

I desperately need help with this question. Help would be greatly appreciated

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 5%/year, whereas Bank B pays interest at the rate of 8%/year. If Michael earned a total of $112 in interest during a single year, how much did he deposit in each institution?

Bank A    
Bank B    

2 Answers By Expert Tutors


Raymond B. answered • 09/29/21

5 (1)

Math, microeconomics or criminal justice

Latoya R.

thank you so much!! this really helped


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