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Gia opened two savings accounts at two diffrent banks. One account earns an annual 3.4% simple interest, and the other earns half as much. If she deposited $509 in each account, how much total interests will sh have earned in 3 years? A:$153.00 B:$38.25 C:$76.50 D:$51.00

Answer :

Interest from first account is :

[tex]I_1 = \dfrac{p\times r \times t}{100}\\\\I_1 = \dfrac{509\times 3.4\times 3}{100}\\\\I_1 =\$ 51.918[/tex]

Interest form second account is :

[tex]I_2 = \dfrac{p\times r\times t}{100}\\\\I_2 = \dfrac{509\times 1.7\times 3}{100}\\\\I_2 = \$25.959[/tex]

So, total interest is :

[tex]I = I_1 + I_2 \\\\I = 51.918 + 25.959\\\\I = \$77.877[/tex]

Therefore, total interest is $77.877 .

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