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1 answer:
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Answer:
$ 2,200 for 8%, $ 1,300 for 12%
Step-by-step explanation:
I=PRT
Let Bank 1 be <em>x</em>
332= x (8%) + (3,500-x) 12%
332= x (0.08) + (3,500-x) 0.12 change the percent to decimal
332= 0.08x + 420 - 0.12x
0.04x= 420-332
x=
x= 2,200 (Bank 1)
Bank 2= 3,500-Bank 1
Bank 2= 3,500- 2,200
Bank 2= 1,300