Lester deposited $400 into a savings account earning 4.5% simple interest and 450 into an investment account earning 3.2% interest compound annually. What was the total interest he earned in 3 years for both accounts?

Answer 1

Lester deposited $400 into a savings account earning 4.5% simple interest and 450 into an investment account earning 3.2% interest compound annually. What was the total interest he earned in 3 years for both accounts?
A. 54.00
B. 44.60
C. 81.90
D. 98.60

Answer 2

400*0.045*3 + 450*(1.032^3 - 1)