Jane deposits $2,500.00 in two separate accounts. Account A earns 4.8% interest compounded annually. Account B earns 4.8% annu

Question

2 years ago

11

Jane deposits $2,500.00 in two separate accounts. Account A earns 4.8% interest compounded annually. Account B earns 4.8% annu

al simple interest. What will be the end balance for for Account A after 5 years?
What will be the end balance for for Account B after 5 years?
What is the sum of the balances of Account A and Account B at the end of 5 years?

Mathematics

1 answer:

prohojiy [21] · Answer 1 · 2022-08-09T03:54:55+03:00

prohojiy [21]2 years ago

5 0

Answer:

at the end of 5 years it will be $1,280.30 for one one account so it would be same for each account

Jane deposits $2,500.00 in two separate accounts. *Account A earns 4.8% interest compounded annually. *Account B earns 4.8% annu

Jane deposits $2,500.00 in two separate accounts. Account A earns 4.8% interest compounded annually. Account B earns 4.8% annu