Posted by **Ella** on Wednesday, January 18, 2012 at 10:22pm.

Mr. Malone is putting money in two savings accounts. Account A started with $200 and Account B started with $300. Mr. Malone 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 that balance be?

- I NEED HELP :( -
**DrBob222**, Wednesday, January 18, 2012 at 10:34pm
You will get help much faster if you type in the name of the subject. Typing in I need help means you hope someone reads the question AND has the knowledge to answer your question. I just clicked on the question to see what it was.

Here is how you do the problem,

Let x = number of months

The money deposited to A will be 15*x at the rate of $15/month.

The money deposited to B will be 10x at the rate of $10/month.

The account for A in x months will be 200+15x.

The account for B in x months will be 300+10x. The problem states that at this time both accounts will be the same; therefore, set them equal to each other.

200 + 15x = 300 + 10x

Solve for x (I find 20 months).

How much will they be worth in 20 months?

200 + 15*20 = ?

300 + 10*20 = ?

- I NEED HELP :( -
**Ella**, Wednesday, January 18, 2012 at 10:46pm
Okay thank you! I understand now!

## Answer this Question

## Related Questions

- Algebra - Mr. Malone is putting money in two savings accounts. Account A started...
- Math - Mr. Malone is putting money in two savings accounts. Account A started ...
- math - Sam opened a money-market account that pays 2% simple interest. He ...
- math - A friend opens a savings account by depositing $1000. He deposits an ...
- math - A friend opens a savings account by depositing $1000. He deposits an ...
- Math - A friend opens a savings account by depositing $1000. He deposits an ...
- math - or this one tracey has 4,300 in his savings account. the money in the ...
- Math - Jennifer started with $50 in her savings account. Each week she withdrew...
- math - you deposit $ 900 in a savings account that earns 4%interest coumpounded ...
- math - Samantha opened a savings account and deposited some money into the ...