Dr jones deposited 2000 in a rbc saving account at rate of 3.75 simple interest Eight months later she deposited an additional $3000 into the account with the same simple interest rate of 3.75%. a. find the total amount in the account three years after the first deposit using the maturity formula. b. what is the total amount of interest gained from the investment?

Answer rating: 100% (QA)

Dr Jones RBC Savings Account We can solve this problem by calculating the interest earned on each de... View the full answer