Question

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.

Answer 1

the principal would earn about 25-50 cents per month on account b and earn,about 2-10 cents on account A, and account b earns you the most and has the most interest.

Explanation: