Question

jamal deposits 2,500 into each of two savings accounts.The first account has a 4% annual simple interest .Account two earns 5% annual simple interest.what is the sum of the account in 3 years?

Answer 1

$5,675

Explanation:

you would just take 4% and 5% of 2500 which is 100 and 125 and multiply them both by 3 which is 300 and 375 and add them both to the 2500 which is 2800 and 2875 and since it asks for the sum you would add then to get a total of $5,675