Sharmi and Reese each deposit money into a savings account. Sharmi deposits $200 less than Reese. After the same amount of time, Reese has earned $90 in interest at a rate of 3% per year, and Sharmi has earned $100 in interest at a rate of 5% per year. How much money did Reese and Sharmi initially deposit into their savings accounts?

Question

anonymous · Answer

similar question as before....  let  x = reese deposit...  then,  x - 200 = sharmi deposit...

anonymous · Answer

Use the same formula:   (principal amount)(interest rate)(time) = interest...

which implies that   time =  interest/(prin. amt)(rate)...

anonymous · Answer

okay

anonymous · Answer

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