i medal and fan Patrick and Brooklyn are making decisions about their bank accounts. Patrick wants to deposit $300 as a principle amount, with an interest of 3% compounded quarterly. Brooklyn wants to deposit $300 as the principle amount, with an interest of 5% compounded monthly. Explain which method results in more money after 2 years. Show all work.

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i medal and fan Patrick and Brooklyn are making decisions about their bank accounts. Patrick wants to deposit $300 as a principle amount, with an interest of 3% compounded quarterly. Brooklyn wants to deposit $300 as the principle amount, with an interest of 5% compounded monthly. Explain which method results in more money after 2 years. Show all work.

Mathematics
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the formula is A(t)=p(1+ r/n) ^nt
i just dont know how to put it in a formula
the amount A after time t in years = initial amount to invest p( 1 + r is the rate of interest/number of times to get interest for the year) raised to the power

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Other answers:

you have 2 sets to compute; one for Brooklyn and one for Patrick
compounded quarterly means 4 times per year n= 4 compounded monthly means 12 times per year n = 12
okay thanks
read the end of the question
ohhh okay okay sorry
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the answer is the amount at the end of 2 years compare the 2 answers which is more?

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