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anyanavicka [17]
3 years ago
15

Need help solving this problem:

Mathematics
1 answer:
enot [183]3 years ago
5 0
$24,000 ---------> City or State Bank
$3,000 < City Bank < $11000
State Bank< $18,000
City Bank = .06 of interest
State Bank = .11 of interest

<u>Bold</u>= Answer

<u>State Bank - (18, 000)(.11)-----> $1980</u>
<u>                                                          } Total Interest = $2,430</u>
<u>City Bank - (6000)(.06)---------->$ 360 </u>
____________________________________________________________________
State Bank - (13000)(.11) ----------> $1,430
                                                             } Total Interest = $2,090
City Bank - (11000)(.06) -------------> $660
____________________________________________________________________
State Bank- (17000)(.11) ---------->$ 1870
                                                               } Total Interest = $2,290
City Bank- (7000)(.06) ---------------->$ 420

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