Solution
Let x be the total pennies charmaine’s bank hold
From the question, we have
[tex]\begin{gathered} \frac{2}{3}x-120=\frac{1}{2}x \\ \\ multiply\text{ through by 6} \\ \\ 4x-720=3x \\ \\ 4x-3x=720 \\ \\ x=720 \end{gathered}[/tex]The answer is 720 pennies