On the account with interest compounded annually, the account balance will be
P*(1 +r)^t
4500*1.06³ = 5358.57
so the interest earned will be
5358.57 -4500 = 859.57
On the account with simple interest, the interest earned will be
I = Prt
I = 4500*.06*3
I = 810.00
The total interest earned on the two accounts will be
$859.57 +810.00 = $1669.57 . . . . . . . . selection A
Answer:
$818,3
Step-by-step explanation:
16.7% in decimal is 0.167
= 0.167 x $4900
= $818,3
3/10 + 17/100
first make the 10 of the 3/10 turn into a 100 so it will make the 100 of the 17/100.
to make 10 turn into a 100 you multiply it by 10. if you're going to multiply the bottom number by 10 then you have to do the same thing with the top number:
3/10 * 10/10
3*10=30
10*10=100
new equation:
30/100 + 17/100
now just add the top numbers and leave the 100's alone:
<span>30/100 + 17/100
</span>30+17=47
<span>30/100 + 17/100 = 47/100</span>
