Bank Deposits 7

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The manager at the EdHelper Bank lost track of the total original investments that seven people deposited into the bank.

Figure out the original deposit for each of these customers (Brian, Benjamin, Timothy, Dylan, Hunter, Kylie, and Alexis). All of the accounts are paid simple annual interest.


1.    Kylie's account, which pays 6.23%, will earn $88.30 more in simple interest than the simple interest earned in one year by Hunter's account. Hunter has an account that pays 4.99% annual interest. Kylie and Hunter originally deposited $31,000 altogether.

2.    Alexis will earn $128.40 less simple annual interest than Dylan. Alexis' annual interest rate is 5.64%.

3.    Timothy and Benjamin deposited a total of $33,500 into two accounts. One account is paying 4.73% and the other is paying 4.39% simple interest. In one year, the annual simple interest will be $1,516.55 for both accounts.

4.    Dylan's account, which pays 6.12%, will earn $370 more in simple interest than the simple interest earned in one year by Brian's account. Brian has an account that pays 5.48% annual interest. Dylan and Brian originally deposited $25,000 altogether.

Bank Deposits 7