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sveta [45]
2 years ago
10

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

Mathematics
1 answer:
BartSMP [9]2 years ago
4 0

Answer:

<u>Simple interest:</u>

  • $2000*(1 + 3*0.05) = $2300

<u>Compound interest:</u>

  • $2000*(1 + 0.05)^3 = $2315.25

<u>Sum of the balances:</u>

  • $2300 + $2315.25 = $4615.25
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