Wednesday

October 1, 2014

October 1, 2014

Posted by **Bill** on Tuesday, January 23, 2007 at 11:10pm.

Let x be the parents' account value and y be the grandparents account value t the beginning of the year.

x (0.05) + y (0.08) = 460

x + y = 6400

x + 1.6 y = 9200

0.6 y = 2800

y = $4666.67

x = $1733.33

To get the current values, add the interest gained in the previous year.

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