If you are asking to simplify, this is what I got. Hope I was able to help
Answer:
Step-by-step explanation:
<u>Given</u>
- Each deposit = $1500
- Interest rate= 5%
- Time = 4 years
- Compound number = annual
<u>Simple interest account</u>
- B = 1500*(1 + 4*0.05) = 1500*1.2 = $1800
<u>Compound interest account</u>
- B = 1500*(1 + 0.05)^4 = $1823.26
<u>Total balance</u>
- $1800 + $1823.26 = $3623.26
Could you put the whole question or the answer choices?