Question

Julian deposits money into two different savings accounts. He deposits $600 more into Account B than Account A. After a certain amount of time, Account A has earned $180 at a rate of 4%, and Account B has earned $375 at a rate of 5%. How much did Julian initially deposit into each account?

Answer 1

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Answer 2

Julian deposits money into two different savings accounts.
He deposits $600 more into Account B than Account A.
After a certain amount of time, Account A has earned $180 at a rate of 4%,
and Account B has earned $375 at a rate of 5%.
How much did Julian initially deposit into each account?
Let the deposit in Account A be x
4% of x = 180
Assuming the deposit is for one year,
x = 4,500
Deposit in Account B
= x + 600
= 5100
Interest at 5% for one year
= 255
Interest earned as per the problem is 375
= 255 x 1.47
The deposit in Account B is $7,500
The deposit in Account A is $6,615

Answer 3

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Answer 4

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Answer 5

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Answer 6

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Answer 7

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Answer 8

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