Kay has $4,500 to deposit in two
different accounts. She will deposit
$2,000 in Account 1, wh...
Mathematics, 20.01.2021 02:10 okayfine3411
Kay has $4,500 to deposit in two
different accounts. She will deposit
$2,000 in Account 1, which earns 5% in
annual simple interest. She will
deposit $1,500 in Account 2, which
earns 5.5% interest that is
compounded annually. What will be
the difference of the amounts in both
accounts after 3 years, if no more
deposits or withdrawals are made?
Answers: 3
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