Problema Solution
Account A started off with $200 and account B started with $300. Mr. M deposits $15 in account A and $10 in account b each month. In how many months will the accounts have the same balance? What will the balance be?
Answer provided by our tutors
Let 'x' represent the number of months.
After x months account A will have: 200 + 15x dollars
After x months account B will have: 300 + 10x dollars
200 + 15x = 300 + 10x
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click here to see the equation solved for x
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x = 20 months
200 + 15*20 = 500
300 + 10*20 = 500
After 20 months the accounts will have the same balance.
The balance of each account will be $500.