Question

10.15] 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?

Answer 1

Reese initially deposited $400, Sharmi initially deposited $200.

Reese initially deposited $600, Sharmi initially deposited $200.

Reese initially deposited $400, Sharmi initially deposited $600.

Reese initially deposited $600, Sharmi initially deposited $400.