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A woman has two bank accounts. One contains $329 and awards 4% in /
interest each month. The other contains $921 and awards 7% in interest
each month. What will the combined value of her two accounts be at the
end of the month?

Respuesta :

Answer:

1327.63

Step-by-step explanation:

329*(4/100)*1=

13.16

329+13.16=

342.16

921+(7/100)*1=

64.47

921+64.47=

985.47

342.16+985.47=

1327.63

Value of her two accounts be at the end of the month = 1327.63

329×(4/100)×1= 13.16

329+13.16= 342.16

921+(7/100)*1=  64.47

921+64.47= 985.47

342.16+985.47=  1327.63

What are interest rate?

The interest rate is the amount assessed on top of the principal by a lender to a borrower for the help of assets. An interest rate also applies to the amount made at a bank or credit union from a deposit account.

What is the interest rate being charged?

The interest rate being charged is conditional on the amount you owe and the amount of interest. The interest rate being charged can be calculated the exact way for credit cards, mortgages and other loans. Check your loan information to find out how much interest you paid and the total amount staying on your loan.

How is interest charged on a credit card?

Credit card interest is what you are charged according to the terms of your cardmember agreement. It works as a daily rate calculated by dividing your annual percentage rate by 365, and then multiplying your existing balance by the daily rate. The quantity is computed as a percentage of the loan. To earn interest, lend money or deposit budgets into an interest-bearing bank account. Earning interest on lid of the interest you made previously is known as "compound interest."

Learn more about Bank interest, refer

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