Question

suppose you have three bank accounts with different banks. in each month, for account 1, you will pay c% of your balance of last month for daily expense, and transfer d% of your balance of last month to account 3; for account 2, you will transfer e% of your balance of last month to account 1, transfer f% of your balance of last month to account 3, and save your salary in this account (account 2); and for account 3, you will pay the mortgage from this account. (c is the last digit of your student id times 10 (if c

Answer 1

The student's question is centered on mathematics, specifically pertaining to the financial management of multiple bank accounts, including the calculation of percentages for various transactions and savings.

Step-by-step explanation:

The student's question relates to the mathematical concepts involved in personal finance management, especially as it pertains to handling multiple bank accounts and the transfers and expenses that happen within these accounts on a monthly basis. The scenario involves calculating percentages for payments and transfers based on the respective balances of the accounts, which is a common practice in financial planning. The question involves concepts like interest accrual, savings, and expense management, which are critical for maintaining a healthy financial status.

For instance, the act of transferring a specific percentage of one's balance from one account to another and managing expenditures such as mortgage payments or daily expenses requires an understanding of simple mathematical operations such as calculating percentages of a given amount. Additionally, the importance of keeping a savings buffer to cover unexpected expenses is emphasized, which often involves calculating the necessary savings amount and understanding the impact of interest on savings and debts.