Mathematics, 03.03.2021 18:00 mayaleila

Neal deposits $340 into each of two savings accounts. Account One earns 6% annual simple interest.
Account II earns 5% interest compounded annually.
Neal does not make any additional deposits or withdrawals. What is the sum of the balances of Account one and Account II at the end of 3 years?

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Neal deposits $340 into each of two savings accounts. Account One earns 6% annual simple interest. Account II earns 5% interest compounded annually. Neal does not make any additional deposits or withdrawals. What is the sum of the balances of Account one and Account II at the end of 3 years?

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Another question on Mathematics

Neal deposits $340 into each of two savings accounts. Account One earns 6% annual simple interest.
Account II earns 5% interest compounded annually.
Neal does not make any additional deposits or withdrawals. What is the sum of the balances of Account one and Account II at the end of 3 years?