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.

Question

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

oobleck · Accepted Answer

Account 1: 500 * (1 + .025*3) Account 2: 300 * 1.0225^3 now just add those two amounts

mizuki akiyama · Answer

i won't answer this cuz of your name bro..