54.1k views
5 votes
Marc deposits $1,500 into two savings accounts.

Account 1 earns 4% annual simple interest.
• Account 2 earns 4% interest compounded annually.
Marc does not make any additional deposits or withdrawals. What is the sum of the
balances of Account 1 and 2 at the end of 3 years?

User Blueman
by
4.8k points

1 Answer

1 vote

Answer:3,360.0

Explanation:

User Brettdj
by
5.0k points