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Gia opened two savings accounts at 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
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Gia opened two savings accounts at 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 3 years?

User Tarek Ezzat Abdallah
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7 votes

Answer:

1st Bank Account: $500*0.034*3=$51

2nd Bank Account: 3.4*2=1.7 $500*0.017*3=$25.50

User Jmif
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