• anonymous
The formula for determining interest compounded monthly is A = P(1 +r/12 )^(12t), where A represents the amount invested after t years, P the principal invested, and r the interest rate. Jimmy invests $2,000 at an interest rate of 10% for 4 years, while Jenny invests$2,000 at an interest rate of 5% for 8 years. Determine the amount of return gained by Jimmy and Jenny. Summarize your results from Part 1, including how you arrived at your answer.
Mathematics
• Stacey Warren - Expert brainly.com
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SOLVED
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