Answered

Welcome to Westonci.ca, the place where your questions find answers from a community of knowledgeable experts. Experience the convenience of getting reliable answers to your questions from a vast network of knowledgeable experts. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

Vanessa deposits $24,000 into each of two savings accounts.

Account I earns 2.4% interest compounded annually.
Account II earns 2.4% annual simple interest.
There are no additional deposits or withdrawals.
What is the sum of the balances of these accounts at the end of 5 years?


$53,760.00

$53,901.59

$54,043.20

$56,640.00 best gets brainlyies

Sagot :

luclaporte2

Answer:

The answer is $53,901.59

Explanation:

(24000(1.024)⁵) + ((24000×0.024×5) + 24000) ≈ $53,901.59
This is the answer thank you my guy
View image juniorhumberto99
Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.