You have 2 different savings accounts. For Account A, the simple interest earned after 21 months is $6.30. For Account B, the

Question

2 years ago

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You have 2 different savings accounts. For Account A, the simple interest earned after 21 months is $6.30. For Account B, the

simple interest earned after 33 months is $26.40. If the interest rate is 3.6% for Account A and 3.4% for Account B, how much is the principal in each account? Which account earned you the most interest the first month? Explain your answer.
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Mathematics

1 answer:

katovenus [111] · Answer 1 · 2022-04-03T23:11:01+03:00

katovenus [111]2 years ago

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Answer:

You invested $13,000 in two accounts... You invested $13,000 in two accounts paying 5% and 7% annual interest, respectively. If the total interest earned for the year was $850, how much was invested at each rate?

You have 2 different savings accounts. For Account​ A, the simple interest earned after 21 months is ​$6.30. For Account​ B, the

You have 2 different savings accounts. For Account A, the simple interest earned after 21 months is $6.30. For Account B, the