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starrhunter
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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
starrhunter Group Title
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

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starrhunter Group TitleBest ResponseYou've already chosen the best response.0
I got 425 but I feel like maybe I did something wrong.
 one year ago

tomo Group TitleBest ResponseYou've already chosen the best response.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

starrhunter Group TitleBest ResponseYou've already chosen the best response.0
Okay that looks like my work too. Thank you so much!!
 one year ago

tomo Group TitleBest ResponseYou've already chosen the best response.0
you're welcome
 one year ago
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