Mathematics, 17.02.2021 01:00 nataliasol73341

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 7%/year. If Michael earned a total of $120 in interest during a single year, how much did he deposit in each institution?
Bank A $
Bank B $

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