A few days ago
ei ppol pls help me in solving this mathematical problem?
elian has $10 000 which he devided in the ration of 3:2. the larger and smaller amounts were deposited in two banks paying 5% and 10% simple interest per year, respectively. how much total interest did elian’s money earn after a year?
Top 3 Answers
A few days ago
Favorite Answer
ok:
so he deposits $4000 into an account earning 5% simple interest p/a:
I = PRT/100
I = 4000 * 5 * 1 /100
I = $20
Second one:
I=PRT/100
I = $600
therefore, the total simple interest earned is $800!
BTW, I mans interest, P means Principal (the amount of money you start off with) R= rate (ie the interest rate) and T = times. It is all over 100 to make the percentage (the rate) into a fraction so the numver isn’t astronomical!
hope this helps!
0
A few days ago
If the ratio is 3:2 then for $10,000 there will be $6,000 in bank A and $4,000 in bank B.
$6,000@ 5% = $300, 6,000*.05
$4,000@10%=$400, 4,000*.1
Total = 300+400=$700
0
A few days ago
i’m sorry
this should b the answer
1st. (10000*3/5)*5%
then u add
(10000*2/5)*10%
0
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