anonymous
  • anonymous
Carlos wants to deposit $900 into savings accounts at three different banks: Bank of Chance, Merchant Bank, and Utopian Financing. He will deposit two times as much into Merchant Bank as Bank of Chance because they offer a higher interest rate. He also expects the Utopian Financing deposit to be only 20% of the total of the other two deposits. How much will Carlos deposit into the Utopian Financing savings account? $150 $180 $250 $500
Mathematics
chestercat
  • chestercat
See more answers at brainly.com
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

Get this expert

answer on brainly

SEE EXPERT ANSWER

Get your free account and access expert answers to this
and thousands of other questions

arnavguddu
  • arnavguddu
let the deposit in Bank of Chance be X then deposit in Mar. Bank = 2X Total deposit till now = X+2X = 3X Thus, deposit in Uthopian Bank = 20 % of total = (20/100) 3X = 0.2 * 3X = 0.6X Total deposit = 3X + 0.6X = 3.6X = 900 So X = 900/3.6 Now deposit in Uthopian Bank = 0.6X = 0.6 * 900 / 3.6 = 6 * 900 / 36 = 900/6 = 150$

Looking for something else?

Not the answer you are looking for? Search for more explanations.