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:
1/8
Step-by-step explanation:
Answer:
3/5
Step-by-step explanation:
the probability of winning + probability of not winning must = 1
these are the only 2 options
2/5 + not winning = 1
subtract 2/5 from each side
not winning = 5/5-2/5
not winning = 3/5
