Abu's Simple Interest Investment Analysis

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Vocabulary terms and specific numerical values extracted from the investment problem involving simple interest accounts.

Last updated 1:06 AM on 6/6/26
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5 Terms

1
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Abu

The worker who invested specific amounts into two separate accounts to earn simple interest annually.

2
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Simple interest rates

The annual percentage returns provided by the two accounts, which are 11%11\% and 10%10\%, respectively.

3
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Investment amount relationship

The condition in the problem stating that the amount invested at the 11%11\% interest rate is 140%140\% of the amount invested at the 10%10\% rate.

4
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Total interest earned

The aggregate sum of interest accumulated from both investment accounts after the specified time period, totaling GH¢ 22,580.60GH\text{¢ }22,580.60.

5
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Investment duration

The total length of time specified for the accrual of interest in both accounts, which is 3 years3\text{ years}.