mathewholland25 mathewholland25

13-05-2020
Mathematics

contestada

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?

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fuzzylittlellama fuzzylittlellama

13-05-2020

Answer:

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

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

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