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22 December, 05:53

Gia opened two savings accounts as two different banks. One account earns an annual 3.4% simple interest, and the other earns half as much. If she deposited $500 in each account, how much total interest will she have earned in 5 years?

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  1. 22 December, 09:38
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    First account: 500 (1.034) ^5 = $ 590.98

    Second account: 500 (1.017) ^5 = $ 543.97
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