document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1086189>Question 1086189</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Estelle deposits R1000.00 into a savings account paying 6.5% interest per year compounded quarterly. after three years she withdraws R500.00 from the account and deposits it into another account paying 12% interest per year compounded semi-annually. How much is the total amount accrued from both accounts two years after making the second deposit? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #700435 by </B><A HREF=/tutors/aboutme.mpl?userid=addingup><B>addingup(3677)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=addingup><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=addingup><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=700435\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 1000(1+(0.065/4))^(4*3) = 1000(1.2134) = 1213.4<BR>\n" );
document.write( "1213.4-500 = 713.4<BR>\n" );
document.write( "So, if I understand you correctly, she keeps 713.40 in the savings account earning a rate of 6.5% compounded quarterly and invests the other 500 rupees into an account that pays 12%/annum compounded twice a year. I don't understand \"making the second deposit\", so I'll ignore it:<BR>\n" );
document.write( "713.4(1+(0.065/4)^(4*2) = 713.40(1.138) = multiply, use your calculator<BR>\n" );
document.write( "500(1+(0.12/2)^(2*2) = 500(1.262) = use your calculator<BR>\n" );
document.write( "add your two results to find out how much is the total amount.<BR>\n" );
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