Emma is saving money for college. she has $800 and wants to deposit it into 2 different savings accounts. she decides to deposit $500.00 into an account, account i, which earns 2.5% annual simple interest. she will then deposit $300 into an account, account ii, which earns 2 1 4 % interest compounded annually. if emma makes no other deposits or withdrawals, what is the total amount of money she will have at the end of 3 years?

The amount would be $ 858.21

Step-by-step explanation:

Given,

In first account,

Deposited amount, = $ 500,

Annual simple interest, = 2.5%,

Number of years, = 3 years,

So, the amount after 3 years,

In second account,

Deposited amount, = $ 300,

Annual compound interest, = 2.25%, ( ∵ )

Number of years, = 3 years,

So, the amount after 3 years,

Hence, the total amount,

answer: 43/157

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