Pls help me its also easy

Mathematics

1 answer:

egoroff_w [7]2 years ago

6 0

Answer:

Step-by-step explanation:

Ferdinand's equipment is higher than Rachel's equipment.

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Suppose Kaitlin places $6500 in an account that pays 12% interest compounded each year.

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$\bf ~~~~~~ \textit{Compound Interest Earned Amount \underline{for 1 year}} \\\\ A=P\left(1+\frac{r}{n}\right)^{nt} \quad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill &\$6500\\ r=rate\to 12\%\to \frac{12}{100}\dotfill &0.12\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{annually, thus once} \end{array}\dotfill &1\\ t=years\dotfill &1 \end{cases}$

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$\bf ~~~~~~ \textit{Compound Interest Earned Amount \underline{for 2 years}} \\\\ A=P\left(1+\frac{r}{n}\right)^{nt} \quad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill &\$6500\\ r=rate\to 12\%\to \frac{12}{100}\dotfill &0.12\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{annually, thus once} \end{array}\dotfill &1\\ t=years\dotfill &2 \end{cases}$

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