SOLUTION: how much simple interest is earned in one year from two accounts bearing 4% and 6% respectively? the first contains $3000 and the second $2500. this is Algebra 2 any help is

Question 908425: how much simple interest is earned in one year from two accounts bearing 4% and 6% respectively? the first contains $3000 and the second $2500.
this is Algebra 2
any help is appreciated
thank you
Found 2 solutions by josmiceli, stanbon:
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
4% interest on $3,000 is:

$120
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6% interest on $2,500 is:

$150

Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
how much simple interest is earned in one year from two accounts bearing 4% and 6% respectively? the first contains $3000 and the second $2500.
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Simple Interest Formula:: A(t) = P(1+rt)
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1st Account:: A(1) = 3000(1+0.04*1) = 3000(1.04) = $3120
Interest = 120
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2nd Account:: A(1) = 2500(1+0.06*1) = 2500(1.06) = $2650
interest = $150
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Cheers,
Stan H.
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