Huan deposited $850 into a college savings account earning 4.8% interest compounded annually. He also deposited $850 into a second account earning 4.8% simple interest. He made no additional deposits. How much interest does the first account earn in 10 years?

$508.41

Step-by-step explanation:

Compound interest is calculated with the formula:

where P = Principal/ Initial amount = $850

R = Rate = 4.8% = 0.048

T = Time elapsed = 10 years

Hence, the compound interest is:

CI = $508.41

The interest after the first 10 years is $508.41

that is the sum

step-by-step explanation:

there are no other answers without knowing the variables values