Mathematics, 29.04.2021 22:00 csnider

Nicolas has $650 to deposit into two different savings accounts. • Nicolas will deposit $400 into Account I, which earns 3.5% annual simple interest.
• He will deposit $250 into Account II, which earns 31% interest compounded annually.
Nicolas will not make any additional deposits or withdrawals. Which amount is closest to the
total balance of these two accounts at the end of 2 years?
A $672.13
B $695.00
C $694.25
D $694.51

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