NetherisIsTheQueen
21.04.2021 •
Mathematics
PLEASE HELP!!
Daniel deposits $1250 into each of two savings accounts shown in the image. Daniel does not make any additional deposits or withdrawals.
- Account A earns 5% annual simple interest.
- Account Bearns 5% interest compounded annually
What is the sum of the balances of Account A and Account B at the end of 4 years?
A. $1,500.00
B. $1,519.38
C. $3,019.38
D. $2,857.59
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