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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…
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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…
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Sep 10, 2019
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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?
Mathematics
middle-school
Vpozdyayev
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First account: 500(1.034)^5 =
$
590.98
Second account: 500(1.017)^5 =
$
543.97
Channs
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Sep 15, 2019
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Channs
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