Inactive Tutor answered 05/12/22
The answer would be 9%
You can find the investment amount using the differences of the investment then dividing by 1%
X*1%=25
X= 2500
You can then use this to find the intrest amount.
2500*x=225
X= .09 or 9%
Destiny B.
asked 05/12/22Two savings accounts pay interest rates that differ by 1%. Equal amounts of money were invested in each account for a year. One account returns $200 in interest and the other returns $225. What is the higher interest rate?
A. 7%
B. 8%
C. 9%
D. 10%
Inactive Tutor answered 05/12/22
The answer would be 9%
You can find the investment amount using the differences of the investment then dividing by 1%
X*1%=25
X= 2500
You can then use this to find the intrest amount.
2500*x=225
X= .09 or 9%
This problem has been submitted twice.
I have already answered it.
Get a free answer to a quick problem.
Most questions answered within 4 hours.
Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.
Destiny B.
no the other one asked for the lower interest rate but this one asks for the higher interest rate05/12/22