$2400
In simple interest, 50,000 would earn 1,500 in one year.
The annual (or annualised) interest rate.
$98.10 in interest is earned in the following year.Year One:$1000 x 0.09 = $90$1000 + $90 = $1090Year Two:$1090 x 0.09 = $98.10
$2,500 is your answer
4000
A+ 5000
Account B
6000=5% 8000=other CD
$4,500
2,400
100
$2400
In simple interest, 50,000 would earn 1,500 in one year.
The annual (or annualised) interest rate.
$98.10 in interest is earned in the following year.Year One:$1000 x 0.09 = $90$1000 + $90 = $1090Year Two:$1090 x 0.09 = $98.10
$2,500 is your answer