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2 votes
Ricky has $850 to deposit into two different savings accounts.

Ricky will deposit $500 into Account I, which earns 4.5% annual simple interest.
He will deposit $350 into Account II, which earns 4 % interest compounded annually.
Ricky will not make any additional deposits or withdrawals. Which amount is closest to the total balance of these two accounts at the end of 5 years?
if you answerd this one can you plz answer the rest of my questions i really need help

2 Answers

5 votes

Answer:

A = p ( 1 + r) t

Explanation:

User Sboisse
by
8.8k points
4 votes

Answer:

ya yeeeeeeeeeet

Explanation:

User Araceli
by
8.2k points