SOLUTION: Darla the Darling Dot Dudette has $400 to deposit in two different savings accounts. 1. She deposits $300 into Account 1, which earns 4.5% annual simple interest. 2. She deposits $

Question 1156693: Darla the Darling Dot Dudette has $400 to deposit in two different savings accounts. 1. She deposits $300 into Account 1, which earns 4.5% annual simple interest. 2. She deposits $100 into Account 2, which earns 3% interest compounded annually. She does not make any additional deposits or withdrawals. What will be the total balance of these 2 accounts at the end of 3 years?
Answer by ikleyn(52775) (Show Source): You can put this solution on YOUR website!
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Total = 300*(1 + 0.045*3) + 100*(1+0.03)^3 = 449.47 dollars.    ANSWER

Solved.

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