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
Sorry, i don't understand
Answer:
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Step-by-step explanation:
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Answer:
circle a and circle b must exist
Step-by-step explanation:is circle a and circle b did not exist this question would not be one