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Question: formulate but do not solve the problem michael perez deposited...

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Formulate but do not solve the problem Michael Perez deposited a total of $2000 with two savings institutions. One pays interest at a rate of 5%/year, whereas the other pays interest at a rate of 8%/year. If Michael earned a total of $118 in interest during a single year, how much did he deposit in each institution? (Let x and y denote the amount of money, in dollars, invested at 5% and 118 = 2000
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