Thomas deposited $800 into two different accounts.
- He deposited $450 into an account that pays 4.5% simple interest.
- He deposited $350 into an account that pays 4.25% compounded annually.
If Thomas does not deposit additional money into the accounts and he doesn't withdraw any money from the accounts, which is closest to the total balance he will have in the accounts at the end of 2 years?
i’d go with D, you do 350 and multiply it by 0.0425 and do the same with 450 and multiply by 0.0425 and you multiply each of those answers and then add them to 800
