Mathematics, 26.02.2021 21:30 crystaldewar55C
Mark’s mother is planning to invest $25,000 into each of two savings accounts to save money to remodel her restaurant.
• Bank 1 offers an interest rate of 5.25%.
• Bank 2 offers an interest rate of 8.5%.
Both accounts pay simple interest. Marks's mother will leave the money in each account for exactly 3 years.
What is the sum of the interest the two accounts will earn at the end of 3 years?
Answers: 3
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