calculate thr simple in terset in the problem jeff has one savins acount with the interest rate of 3.3%, and one money markt acoount with the interest rate of 5.1% in a bank . if he deposits $1200 to the savings account, and $1800 to the money market account, how much money will he have in 6 years
use theformul: I=prt
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A=P(1+r)^t
P is the initial investment, r is the interest rate per period, t is the number of periods, and A is the amount of money in the bank after the t periods.
Total amount for saving account after 6 yrs
A= 1200(1+0.033)^6
A= 1458.086
Total amount for money market
a=1800(1+.051)^6
a= 2425.99
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