Question

Interest Problem: 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?
a. Use I=prt where I is the earned interest, p is the principal, r is the interest rate and t is the time.
b. Identify the given information. What do you know about P? I
c. Enter the given information into the equation.
d. Solve the equation.
e. State the solution.

Answer 1

@dpasingh

Answer 2

@sameerchandra

Answer 3

Will give medal

Answer 4

@ganymede