Question

Carlos wants to deposit $900 into savings accounts at three different banks: Bank of Chance, Merchant Bank, and Utopian Financing. He will deposit two times as much into Merchant Bank as Bank of Chance because they offer a higher interest rate. He also expects the Utopian Financing deposit to be only 20% of the total of the other two deposits. How much will Carlos deposit into the Utopian Financing savings account?

$150

$180

$250

$500

Answer 1

Bank of Chance: $900
Merchant Bank: $1800

Answer 2

So 900 + 1800 = 2700

Answer 3

.2 * 2700 = 540

Answer 4

hmm I did something wrong :S

Answer 5

x in Bank of Chance
2x in Merchant Bank

these equal 3x

and .2 or 1/5 in of the amount in those 2 banks

so
3x + 3x/5 = 900

when you get x

add x and 2x together and multiply by .2 or divide by 5