Question

Dakota earned ​$7.00 in interest in Account A and ​$26.25 in interest in Account B after 21 months. If the simple interest rate is 2​% for Account A and 5​% for Account​ B, which account has the greater​ principal? Explain.

Answer 1

Answer:300

Step-by-step explanation: the other person that answered ✨

Answer 2

Account B has the greater principal.

Step-by-step explanation:

Account A:

7=(0.02*21/12)P

7=0.035P

P=200

Account B:

26.25=(0.05*21/12)P

26.25=0.0875P

P=300