Kaddybug6
Answered

Westonci.ca offers quick and accurate answers to your questions. Join our community and get the insights you need today. Connect with a community of experts ready to provide precise solutions to your questions quickly and accurately. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

Neal deposits $340 into each of two savings accounts.

Account One earns 6% annual simple interest.
Account II earns 5% interest compounded annually.
Neal does not make any additional deposits or withdrawals. What is the sum of the balances of Account one and Account II at the end of 3 years?

Sagot :

louisthemyth

Answer:

Account I: 61,2

Account II: 51

Step-by-step explanation:

6% 340 = 21,4

5% 340 = 17

21,4 . 3 = 61,2

17. 3 = 51

Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.