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anonymous

  • one year ago

Patrick and Brooklyn are making decisions on their bank accounts. Patrick wants to put money in an account that has a higher interest rate but only gains interest for a short period of time. Brooklyn wants to put the money in an account with a lower interest rate, but it gains interest for a longer period of time. Explain which method will result in more money. (10 points) I know the answer but how do I explain it

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  1. Kash_TheSmartGuy
    • one year ago
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    By solving that kind of an (example) problem. An example problem would be what? Tell me

  2. anonymous
    • one year ago
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    like if both put in 20 bucks and the interest was 5% for patrick but 3% for brooklyn then the one gaining it for a longer time would have more money? could i say that? @Kash_TheSmartGuy

  3. Kash_TheSmartGuy
    • one year ago
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    Sure^^ good job. You're awesome!

  4. anonymous
    • one year ago
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    Thanks (:

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