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Question : You decide to invest some money in two different money : 8838

You decide to invest some money in two different money market accounts. One account (account A pays xinterest. The other account (account B pays only 2 interest but offers a S20 bonus for signing up for the account paid at the end of the two year period. Write an expression for each account to determine the amount of interest (and bonus) you would earn after two years. Use y to represent interest (and bonus) and x to represent the principle invested. Label each equation. Hint: This should be fairly simple if you know the formula for simple interest

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Solution
5 (1 Ratings )

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