asked 144k views
3 votes
Julio wants to deposit $1500 into savings accounts at three different banks: Bank of Chance, Merchant Bank, and Utopian Financing. He will deposit five times as much into Merchant Bank as Bank of Chance because they offer a higher interest rate. He also expects the Utopian Financing deposit to be only 25% of the total of the other two deposits. How much will Julio deposit into the Utopian Financing savings account? (4 points) $375 $1,000 $200 $300

1 Answer

3 votes
I think it’s 375 because 25% of 1500 is 375
answered
User Waseem Shah
by
7.5k points
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