xanoske
xanoske xanoske
  • 26-04-2018
  • Mathematics
contestada

Gia opened two savings accounts as two different banks. One account earns an annual 3.4% simple interest, and the other earns half as much. If she deposited $500 in each account, how much total interest will she have earned in 5 years?

Respuesta :

McChuck
McChuck McChuck
  • 29-04-2018
First account: 500(1.034)^5 = $590.98

Second account: 500(1.017)^5 = $
543.97
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