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alukav5142 [94]
3 years ago
14

You invest a total of

Mathematics
1 answer:
sveta [45]3 years ago
6 0

Answer:

3\%\:interest=$750

4\frac{1}{2}\% interest=$1,125

Step-by-step explanation:

We use the formula I=P*R*T to calculate simple interest.

For the first account the principal is P=$25,000

The rate is R=3%=0.03

The time is T=1 year

We substitute into the formula to get:

I=25,000*0.03*1

This simplifies to I=750

For the second account the principal is still P=$25,000

The rate is R=4\frac{1}{2}\%=0.045

The time is T=1 year

We substitute into the formula to get:

I=25,000*0.045*1

This simplifies to I=1125

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