Challenge You have 2 different savings accounts. For Account A, the simple interest earned after 18 months is $4.80. For Acco

Question

3 years ago

13

Challenge You have 2 different savings accounts. For Account A, the simple interest earned after 18 months is $4.80. For Acco

unt B, the simple interest earned after 21 months is $23.10. If the interest rate is 3.2% for Account A and 2.2% for Account B, how much is the principal in each account? Which account earned you the most interest the first month? Explain your answer.

Mathematics