contestada

6. Barbara has $750 to deposit into two different savings accounts.
• Barbara will deposit $350 into accountl, which earns 4.5 % annual simple interest.
• She will deposit $400 into Account II, which earns 4 % % interest compounded annually.
Barbara will not make any additional deposits or withdrawals. Which amount is closest to
the sum of the balance of Account I and account II at the end of 3 years?

6 Barbara has 750 to deposit into two different savings accounts Barbara will deposit 350 into accountl which earns 45 annual simple interest She will deposit 4 class=

Respuesta :

sqdancefan

9514 1404 393

Answer:

  (d)  $850.45

Step-by-step explanation:

The balance in account I is given by ...

  A = P(1 +rt) . . . . principal P invested at annual rate r for t years

  A = 350(1 +0.045×3) = 397.25

__

The balance in account II is given by ...

  A = P(1 +r)^t

  A = 400(1 +0.0425)^3 ≈ 453.20

__

The total amount in the two accounts is

  $397.25 +453.20 = $850.45

Otras preguntas