October 6, 2015

Homework Help: College alerbra

Posted by Matt on Saturday, November 23, 2013 at 5:11pm.

Scott invested a total of $9500 at two separate banks. One bank pays simple interest of 11% per year while the other pays simple interest at a rate of 9% per year. If Scott earned $973.00 in interest during a single year, how much did he deposit in each bank?

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