Question

I WILL GIVE THE BRAINLIEST PLEASE HELP ASAP

4. Jose deposits splits $5,000 evenly into 2 savings accounts, Account 1 is safer investment and earns
on average 4% simple interest. • Account 2 is riskier but earns on average 3.5% compounded annually.
What are the amounts each account will earn at the end of 3 years if no additional deposits or
withdrawals are made? Account 1
Account 2
Were you surprised by
which account earned more?​

Answer 1

Answer:

Account 1:

3(2500 × 4/100) = 300

Account 2,

2500(1.035)³ - 2500 = 271.7946875

Slightly surprised because the riskier one should yield higher gain

Answer 2

Answer: it is amount; 1

Step-by-step explanation: