What is the sum of the interest gained from both accounts

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Question - Account A offers a simple interest rate of 5% per year and Account B offers a force of interest of δt = 0.05t where t is the time in years. Suppose that 1000 is invested into each account at time t = 0.

What is the sum of the interest (dollar amount) gained from both accounts between times t = 1 and t = 2?

(a) 120

(b) 130

(c) 140

(d) 150

(e) 160

Reference no: EM132194262

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