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

Question

2 years ago

8

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:

AVprozaik [17] · Answer 1 · 2022-04-02T07:12:20+03:00

AVprozaik [17]2 years ago

3 0

Answer:

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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