. A woman saved GH¢ 30,000 in a bank A, whose rate was x % per annum and GH¢ 20,000 in another bank B whose interest rate was y % per annum. Her total interest in two years was GH¢ 6,400. If she had saved GH¢ 20,000 in bank A and GH¢ 30,000 in bank B for the same period, he would have gained GH¢ 200 as additional interest. Find the values of X and Y

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 6RE: Hsu-Mei wants to save 5,000 for a down paymenton a car. To the nearest dollar, how much will sheneed...
icon
Related questions
Question

. A woman saved GH¢ 30,000 in a bank A, whose rate was x % per annum and GH¢ 20,000
in another bank B whose interest rate was y % per annum. Her total interest in two years was
GH¢ 6,400. If she had saved GH¢ 20,000 in bank A and GH¢ 30,000 in bank B for the same
period, he would have gained GH¢ 200 as additional interest. Find the values of X and Y

Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Linear Equations
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, algebra and related others by exploring similar questions and additional content below.
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9781285195728
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Algebra for College Students
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning