Find the square root of (3√5-3)³
1 answer:
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Answer:
Gabriella will make $61 more than Mila after 5 years
Step-by-step explanation:
Gabriella Data
Principal Amount P= $73,000
Rate r = 3% or 0.03
Compounded continuously
Time t = 5 years
The formula used is:
Putting values and finding A
So, After 5 years Gabriella will have $84814
Mila Data:
Principal Amount P= $73,000
Rate r = 3% or 0.03
Compounded quarterly n = 4
Time t = 5 years
The formula used is:
Putting values and finding A
So, After 5 years Mila will have $84753
Now subtracting to find the difference 84814-84753 = 61
So, Gabriella will make $61 more than Mila after 5 years