SOLUTION: You deposit $2200 into three separate bank accounts that each pay 3% annual interest. How much interest does each account earn after 6 years?

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Question 1063871: You deposit $2200 into three separate bank accounts that each pay 3% annual interest. How much interest does each account earn after 6 years?

Answer by Fombitz(32388) About Me  (Show Source):
You can put this solution on YOUR website!
T=%282200%29%281.03%29%5E6=2626.92
So,
I=2626.92-2200
I=426.92 total so each account gets,
I%2F3=142.31