Thread: math problem
View Single Post
  #8  
Old 11-30-2001, 02:54 AM
SigkapAlumWSU SigkapAlumWSU is offline
GreekChat Member
 
Join Date: Sep 2001
Location: Pullman, WA
Posts: 843
ok, since we are already on the subject of math, I thought I would post this rather than starting a new one. First off, my Teacher is a dick. We had this on a test and not one person got it right. He then told us he never wanted us to "solve" the problem, but if we came up with the formula, he'd give us most of the points. Like I said, dick. Tell me if you need the answer to get the formula. I just want to se if anyone can actually do this! That out of the way, here's the problem:

Abe has $1000 invested in 2 seperate bank accounts. The first account earns 5% annually and the second account earns 4% annually. If Abe recieved $48 last year in interest payments on the two accounts, how much did he have invested in each account? (Note: Interest x rate x time)

hint: there are two formulas
Reply With Quote