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melamori03 [73]
3 years ago
10

27. Reason Adam invests $8,000 in an account that

Mathematics
1 answer:
USPshnik [31]3 years ago
7 0

Answer:

Jacinta will have more money

Step-by-step explanation:

  • For the same amount of investment and interest rate, compound interest is greater with greater number of compounds.
  • Continuous compound is closer to daily compound which makes more compounds and returns than quarterly compound.

The interest amount is provided below for quarterly and daily compound:

  • 2,268.20
  • 2,307.89

Jacinta will have more money

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