Sarah opened a savings account with a $725 deposit. This account earns 3.5% annual interest compounded twice each month. How lon

Question

grandymaker [24]

2 years ago

12

Sarah opened a savings account with a $725 deposit. This account earns 3.5% annual interest compounded twice each month. How lon

g will it take her account to reach a balance of $2000 if there are no other deposits or withdrawals.

Mathematics

1 answer:

Karolina [17] · Answer 1 · 2022-12-19T15:08:31+03:00

Karolina [17]2 years ago

7 0

Jody invested less in an account paying simple interest than she did in an account paying simple interest. At the end of the first year, the total interest from both accounts was Find the amount invested in each account.