3 years ago

Gina deposits $2,000 into each of two savings accounts.

Mathematics

1 answer:

BartSMP [9]3 years ago

4 0

Answer:

Simple interest:

$2000*(1 + 3*0.05) = $2300

Compound interest:

$2000*(1 + 0.05)^3 = $2315.25

Sum of the balances:

$2300 + $2315.25 = $4615.25

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