Quantcast

Got Homework?

Connect with other students for help. It's a free community.

  • across
    MIT Grad Student
    Online now
  • laura*
    Helped 1,000 students
    Online now
  • Hero
    College Math Guru
    Online now

Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

starrhunter

Sarah wants to deposit $2,125 into savings accounts at three different banks: Bank of the US, 7/4 Bank, and Catch Bank. She will deposit four times as much into Catch Bank as 7/4 Bank because they offer a higher interest rate. She also expects the Bank of the US deposit to be 25% of the total of the other two deposits. How much will Sheila deposit into the Bank of the US savings account? $340 $425 $515 $1,360

  • one year ago
  • one year ago

  • This Question is Closed
  1. starrhunter
    Best Response
    You've already chosen the best response.
    Medals 0

    I got 425 but I feel like maybe I did something wrong.

    • one year ago
  2. tomo
    Best Response
    You've already chosen the best response.
    Medals 0

    x = Bank of US y = 7/4 bank z = Catch bank x + y + z = 2125 x = sum of the other two divided by 4. (y + 4y)/4 y = y z = 4y (4y + y) + (4y+y)/4 = 2125 5y + 5y/4 = 2125 y = 340 x = (340+340*4)/4 = 425 z = 4*340 = 1360 yes she did deposit $425 into the Bank of US.

    • one year ago
  3. starrhunter
    Best Response
    You've already chosen the best response.
    Medals 0

    Okay that looks like my work too. Thank you so much!!

    • one year ago
  4. tomo
    Best Response
    You've already chosen the best response.
    Medals 0

    you're welcome

    • one year ago
    • Attachments:

See more questions >>>

Your question is ready. Sign up for free to start getting answers.

spraguer (Moderator)
5 → View Detailed Profile

is replying to Can someone tell me what button the professor is hitting...

23

  • Teamwork 19 Teammate
  • Problem Solving 19 Hero
  • You have blocked this person.
  • ✔ You're a fan Checking fan status...

Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.