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.

Question

06-01-2021
Mathematics

Answered

Westonci.ca is your trusted source for finding answers to a wide range of questions, backed by a knowledgeable community. Join our platform to get reliable answers to your questions from a knowledgeable community of experts. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

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.

Sagot :

We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.

Describe los cambios en velocidad y aceleración durante las etapas de un salto en paracaídas. Salto desde avioneta

1 point Use log10 3-0.4771; log10 5 0.699010810 7 0.8451; log10 11 1.0414 to approximate the value of each expression- log10 14710910 (147)

Alex thinks of a number. he squares it, then takes away five .Next multiplies it by 4 ,takes away seven, divides it by three ,and finally adds six his answer is

Casey Motors recently reported net income of $55 million. The firm's tax rate was 40.0% and interest expense was $19 million. The company's after-tax cost of ca

Select the correct answer. Karen believes in limited federal government, but she supports strong local governments. Her literal interpretation of the Bible dete

why is the term judicial administration multifaceted

All of the following statements about the Louisiana Purchase are true EXCEPT: A. it was opposed by many Federalist legislators. B. it revealed President Jeffers

How like a winter hath my absence been From thee, the pleasure of the fleeting year! What freezings have I felt, what dark days seen! What old December's barene

Example Problem The potential energy of an object is given by U(x) = 8x2 - x4, where U is in joules and x is in (a) Determine the force acting on this object. (

The total cost (in dollars) of printing x dictionaries is C(x) = 20,000 + 10x. Find the average value of the cost function over the interval [0, 700).