Nehemiah has $750 to deposit into 2 different savings accounts. Nehemiah will deposit $400 into Account 1, which earns 4.5% annual simple interest. He will deposit $350 into Account 2, which earns 4-% interest compounded annually. Nehemiah will not make any additional deposits or withdrawals. Which amount is closest to the total balance of one of these accounts at the end of 3 years? O $396.55 O $454 O 849.55 O S850.55
Nehemiah has $750 to deposit into 2 different savings accounts. Nehemiah will deposit $400 into Account 1, which earns 4.5% annual simple interest. He will deposit $350 into Account 2, which earns 4-% interest compounded annually. Nehemiah will not make any additional deposits or withdrawals. Which amount is closest to the total balance of one of these accounts at the end of 3 years? O $396.55 O $454 O 849.55 O S850.55
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.49TI: Nathaly deposited $12,500 in her bank account where it will earn 4% simple interest. How much...
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Transcribed Image Text:Nehemiah has $750 to deposit into 2 different savings accounts. Nehemiah will deposit $400 into Account 1, which earns 4.5% annual simple interest. He
will deposit $350 into Account 2, which earns 4-% interest compounded annually. Nehemiah will not make any additional deposits or
withdrawals. Which amount is closest to the total balance of one of these accounts at the end of 3 years?
O $396.55
O $454
O 849.55
O S850.55
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