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How much did he have on deposit in each? bank

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Problem: Scott invested a total of $5900 at two separate banks. One bank pays simple interest of 12 %per year while the other pays simple interest at a rate of 6% per year. If Scott earned $ 540.00 in interest during a single? year, how much did he have on deposit in each? bank?

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Reference no: EM132049481

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