Question

Sheila wants to deposit $2,145 into savings accounts at three different banks: Bank of the US, 7/4 Bank, and Catch Bank. She will deposit five times as much into Catch Bank as 7/4 Bank because they offer a higher interest rate. She also expects the Bank of the US deposit to be 30% of the total of the other two deposits. How much will Sheila deposit into the Bank of the US savings account?

$275

$429

$495

$1,375

Answer 1

let Bank 7/4 = x deposited

Catch Bank = 5x deposited

Total deposits so far = 6x

Bank US = 30% of 6x or

0.3×6x=1.8x


= 1.8x deposited

Total deposited = 7.8x which equals the money available to Sheila.

then 7.8x = 2145

divide by 7.8 to find the value of x

x = $275

Bank 7/4 = $275

Catch Bank = 275 x 5 = $1375

Bank US = 1.8 x 275 = $495

Answer 2

thank you

Answer 3

Anytime.