Answer:
$4172.48
Explanation:
To calculate Simon's final balance, we can use the following formula:
Final balance = Principal + (Principal × Interest rate × Time)
First, let's calculate the interest earned in the first account:
Interest earned in the first account = Principal × Interest rate × Time
= $3200 × 3.5% × 3 years
= $3200 × 0.035 × 3 years
= $336
Next, let's calculate the final balance in the first account:
Final balance in the first account = Principal + Interest earned in the first account
= 3200 + 336
= $3536
Now, let's calculate the interest earned in the second account:
Interest earned in the second account = Final balance in the first account × Interest rate ×Time
= $3536 × 6% × 3 years
= $3536 × 0.06 × 3 years
= $636.48
Finally, let's calculate Simon's final balance in the second account:
Final balance in the second account = Final balance in the first account + Interest earned in the second account
=3536 + 636.48
= $4172.48
Therefore, Simon's final balance after 6 years in the second account is $4172.48