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1 April, 14:01

Christiana and Marlena opened their first savings accounts on the same day. Christiana opened her account with $45 and plans to deposit $10 every month. Marlena opened her account with $35 and plans to deposit $15 every month. After how many months will their two accounts have the same amount of money? What will that amount be?

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Answers (2)
  1. 1 April, 14:53
    0
    Answer: it will take 2 months for both accounts to have the same amount and the in each account would be $65

    Step-by-step explanation:

    Let x represent the number of days that it will take the amount in either accounts to be the same.

    Let y represent the amount in Christiana's account after x days

    Let z represent the amount in Marlena's account after x days

    Christiana opened her account with $45 and plans to deposit $10 every month. This means that in x days, the amount in Christiana's account would be

    y = 45 + 10x

    Marlena opened her account with $35 and plans to deposit $15 every month. This means that in x days, the amount in Marlena's account would be

    z = 35 + 15x

    To determine the number of months before the amount in both accounts becomes the same, we will equate y to z. It becomes

    45 + 10x = 35 + 15x

    15x - 10x = 45 - 35

    5x = 10

    x = 10/5 = 2

    The amount would be

    45 + 10*2 = 45 + 20 = $65
  2. 1 April, 17:11
    0
    After 2 months their accounts have same amount of money that is $65.

    Step-by-step explanation:

    Initial amount Christiana deposits = $45

    Amount Christiana deposit each month = $10

    Initial amount Marlena deposits = $35

    Amount Marlena deposit each month = $15

    Let x be the number of months after which amount in accounts is same.

    Christiana balance in x months = 45 + 10x

    Marlena balance in x months = 35 + 15x

    After x months their balance becomes equal i. e.

    45 + 10x = 35 + 15x

    dividing both sides by 5

    9 + 2x = 7 + 3x

    x = 2

    After two months:

    Christiana balance = 45 + 10 (2)

    = $65

    Marlena balance = 35 + 15 (2)

    = $65
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