A community for students.

Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

anonymous

  • one year ago

harrison and Sherrie are making decisions about their bank accounts. Harrison wants to deposit $200 as a principle amount, with an interest of 2% compounded quarterly. Sherrie wants to deposit $200 as the principle amount, with an interest of 4% compounded monthly. Explain which method results in more money after 2 years. Show all work

  • This Question is Closed
  1. mathstudent55
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    You mean "principal", not "principle." Do you know the formula for future value of money earning interest that compounds periodically?

  2. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    i got it already , but thank you.. can you help with another one??

  3. mathstudent55
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    Yes, I can try.

  4. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    Wendy is looking over some data regarding the strength, measured in Pascals (Pa), of some rope and how the strength relates to the number of woven strands in the rope. The data are represented by the exponential function f(x) = 2x, where x is the number of woven strands. Explain how she can convert this equation to a logarithmic function when strength is 256 Pascals.

  5. Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy

Your question is ready. Sign up for free to start getting answers.

spraguer (Moderator)
5 → View Detailed Profile

is replying to Can someone tell me what button the professor is hitting...

23

  • Teamwork 19 Teammate
  • Problem Solving 19 Hero
  • You have blocked this person.
  • ✔ You're a fan Checking fan status...

Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.