Mathematics, 04.12.2020 19:00 ttaysia

Raul has $1,200 to deposit into two different savings accounts. Raul will deposit $450 into Account 1, which earns 4.8% annual simple interest.

He will deposit $750 into Account 2, which earns 3.75 interest compounded annually.

Raul will not make any additional deposits or withdrawals. What is the total balance of these two accounts at the end of 4 years.

(A) $86.40

(B) $1405.39

(C) $536.40

(D) 868.99

Answers: 2

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Raul has $1,200 to deposit into two different savings accounts. Raul will deposit $450 into Account...

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