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Otrada [13]
3 years ago
9

Daniel's savings account balance is 20 times the amount of Henrys savings account balance. The total amount of money contained i

n both savings accounts is $ 462. Henry's' account is small, but the bank where he keeps his account actually pays a higher interest rate,4.4%. How much does Daniel have in his savings account?
Mathematics
2 answers:
torisob [31]3 years ago
8 0

Answer:

Daniel have $440 in his savings account.

Step-by-step explanation:

Given that Daniel's saving account balance is 20 times the amount of Henry's savings account balance.

So, let Henry's saving account balance = x

Therefore, Daniel's saving account balance = 20 x

Given that total amount of money contained in both account is $ 462

    ⇒  20 x + x = 462

         21 x =462 ⇒ x = 22

  Hence, Daniel's saving account balance = 20 x

                                                                      = 20 * 22

                                                                     = $ 440

Juli2301 [7.4K]3 years ago
5 0

Answer: Daniel has $22 in his savings account balance.


Step-by-step explanation:

Let Daniel's savings account balance be x

and Henry's savings account balance be y, then as given Daniel's savings account balnce is 20 times that of Henry's, We get x=20y...........(1)

And also total amount of both savings account is $462 so we get x+y=462 ......(2)

Now by substituting values of x from (1) into (2) we get,

20y + y=462\\21y=462\\y=22

And x=$440

So, Daniel's savings account balance is $440

and Henry's savings account balance is $22


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