Question: Stacy, Oliver, and Jivesh each plan to put a certain amount of money into their savings accounts that earn simple interest of 6% per year.

Stacy, Oliver, and Jivesh each plan to put a
Stacy, Oliver, and Jivesh each plan to put a certain amount of money into their savings accounts that earn simple interest of 6% per year. Stacy puts $550 more than Jivesh, and Oliver puts in 2 times as much as Jivesh. After a year, the amount in Stacy's account is 2 times the sum of $212 and the amount in Oliver's account. How much does each person initially put into his or her account? Who had the most money in his or her account after a year? Who had the least? Explain

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!