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CBA Review - 00
Kimberly Lucas Im
The Cambridge Educati
4
Hannah deposits money into two different savings accounts.
In Account I, Hannah will deposit $3,000 and will earn 4% annual simple interest.
In Account II, Hannah will put $3,000 and will earn 4% interest compounded annually.
Hannah does not make any additional deposits or withdrawals. What is the sum of the
balances of Account I and Account II at the end of 2 years?
A $6,480.00
B $6,484.80
C $6,240.00
D $6,489.60