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Just need to answers to double check my work :)

Just need to answers to double check my work :)-example-1
User Dimib
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1 Answer

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Bank account 1: $3000 (5% interest)

Bank account 2: $7000 (4% interest)

At the end of 1 year, the interests are:

Bank 1: 5% of $3000 = 5*3000/100

Interest 1 = $150

Bank 2: 4% of $7000 = 4*7000/100

Interest 2 = $280

The total interest is: Total = Interest 1 + Interest 2 = 150 + 280

Total = $430

The total deposited is $3000 + $7000 = $10 000

If the total interest is $430, then the percent is:

430*100/10 000 = 4.3%

User Anshul Parashar
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