xxQueenPxx7432
xxQueenPxx7432
14.01.2022 • 
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 $4.40. The interest for Account B is 840.00$. Which account statement is incorrect? Find the bank's likely error.

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