machucagm01
machucagm01
04.02.2021 • 
Mathematics

Suppose you have two bank accounts. In Account A you deposit $ 100. In Account B you deposit $
300. Account A has a simple interest rate of
4.4%. Account B has a simple interest rate of
2.8%. One year later, you get a bank statement from each bank and one of the statements shows an incorrect amount of interest. The interest for Account A is $
440.00. The interest for Account B is $
8.40. Which account statement is incorrect? Find the bank's likely error.

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