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107-P3-1
Total Amount
Ann put $600 in Bank A at 5% yearly interest. Thomas put $500 in Bank B at 10%
yearly interest. After how many years will they have the same amount of money?
Ann Thomas
principal: $600 principal: $500
interest rate: 5% interest rate: 10%
Step 1. Fill in the blanks.
Year Ann’s interest Thomas’s interest
1 Years
2 Years
3 Years
4 Years
5 Years
6 Years
Step 2. Find out when the two people’s amounts become the same and also find
the total amount of each person’s money in that year.
Total Amount
Ann put $600 in Bank A at 5% yearly interest. Thomas put $500 in Bank B at 10%
yearly interest. After how many years will they have the same amount of money?
Ann Thomas
principal: $600 principal: $500
interest rate: 5% interest rate: 10%
Step 1. Fill in the blanks.
Year Ann’s interest Thomas’s interest
1 Years
2 Years
3 Years
4 Years
5 Years
6 Years
Step 2. Find out when the two people’s amounts become the same and also find
the total amount of each person’s money in that year.
