Question

Gia opened two savings accounts at two different banks. One account earns an annual 3.4% simple interest, and the other earns half as much. If she deposited $500 in each account, how much total interest will she have earned in 3 years?

Answer 1

She would have earned 1,972 because she’s getting 3.4 and in 3 years which is 365 days adding 365 together 3 times and then multiplying that number by 3.4 that’s how much she’ll earn which is 1,972.
Hope this helps you !
~Cupcake~