C & Gerald deposited $950 into two different accounts.
- He deposited $450 into an account that pays 4.5% interest compounded annually.
- He deposited $500 into an account that pays 4.25% simple interest.
If Gerald does not deposit additional money into the accounts and he doesn't
withdraw any money from the accounts, which is closest to the amount of interest he
will have earned in these accounts at the end of 4 years?
co
CL