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Emma is saving money for college. She has $800 and wants to deposit it into 2 different savings accounts. She decides to deposi...Asked by Jeffery_Dahmer_was_lowkey_fine
Emma is saving money for college. She has $800 and wants to deposit it into 2 different savings accounts. She decides to deposit $500.00 into an account, Account I, which earns 2.5% annual simple interest. She will then deposit $300 into an account, Account II, which earns 2 1/4% interest compounded annually.
If Emma makes no other deposits or withdrawals, what is the total amount of money she will have at the end of 3 years?
please i need help ASAP this is due today
If Emma makes no other deposits or withdrawals, what is the total amount of money she will have at the end of 3 years?
please i need help ASAP this is due today
Answers
Answered by
oobleck
Account 1: 500 * (1 + .025*3)
Account 2: 300 * 1.0225^3
now just add those two amounts
Account 2: 300 * 1.0225^3
now just add those two amounts
Answered by
mizuki akiyama
i won't answer this cuz of your name bro..
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