zjackson28 zjackson28

11-10-2022
Mathematics

Answered

You have 2 different savings accounts. For Account A, the simple interest earned after 3 months is $1.75. For Account B, the simple interest earned after 21 months is $17.50. If the interest rate is 3.5% for Account A and 2.5% for Account B, how much is the principal in each account? Which account earned you the most interest the first month? Explain your answer.

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