Intan deposited an amount of $1500 into two different investment account.Amanah's investment account paid 3% divided annually and iklas's investment account paid 4% divided annually. After one year, the total divided received by intan form both investment account is $55. What is the amount of money investment by intan in each account.
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It's as simple as dividing your interest rate by 115. The quotient is the amount of time it will take you to triple your money. For example, if your money earns an 8 percent interest rate, it will triple in 14 years and 5 months (115 divided by 8 equals 14.4).
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