You have 2 different savings accounts. For Account A, the simple interest earned after 18 months is $8.33. For Account B, the

Question

3 years ago

13

You have 2 different savings accounts. For Account A, the simple interest earned after 18 months is $8.33. For Account B, the

simple interest earned after 15 months is $13.75. If the interest rate is 3.7% 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

1 answer:

Afina-wow [57] · Answer 1 · 2022-11-01T14:31:23+03:00

Afina-wow [57]3 years ago

5 0

Answer:

the principal would earn about 25-50 cents per month on account b and earn,about 2-10 cents on account A, and account b earns you the most and has the most interest.

Step-by-step explanation:

You have 2 different savings accounts. For Account​ A, the simple interest earned after 18 months is ​$8.33. For Account​ B, the

You have 2 different savings accounts. For Account A, the simple interest earned after 18 months is $8.33. For Account B, the