Ace school

with brainly

  • Get help from millions of students
  • Learn from experts with step-by-step explanations
  • Level-up by helping others

A community for students.

Interest Problem: Julian deposits money into two different savings accounts. He deposits $600 more into Account B than Account A. After a certain amount of time, Account A has earned $180 at a rate of 4%, and Account B has earned $375 at a rate of 5%. How much did Julian initially deposit into each account? What equation is used to solve this problem? What does each variable represent? Identify the given information. What do you know about P? Enter the given information into the equation. Solve the equation. State the solution.

Mathematics
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

in I over pr form. I=interest earned, P=initial amount deposited R=interest rate.
Say P is the initial amount account A P + 600 is the initial amount in B First equation: P * .04 * t = 180 Second equation: (P + 600) * 0.05 * t = 375 so just solve simultaneously for t and P
but that isn't in fraction form...

Not the answer you are looking for?

Search for more explanations.

Ask your own question

Other answers:

i'm giving you guidelines on how to do this, not going to do the whole thing for you.
well that isn't really helping me... i'm not understanding how to do it with it in the fraction. what i have is 180 over P(.04) = 375 over (P+600)(.05)
that's correct. \[{ 180 \over 0.04P} = {375 \over (P + 600)(.05)} \rightarrow 180(0.05)(P + 600) = (375)(0.04)P\] just solve that equation to get P
So, 900 dollars is the initial amount deposited into account A, and 1500 into account B?
???
yes
Thank you so much (: i'll give you best response.
no problem

Not the answer you are looking for?

Search for more explanations.

Ask your own question