Harrison and Sherrie are making decisions about their bank accounts. Harrison wants to deposit $200 as a principle amount, with

Question

2 years ago

11

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. (10 points)

Mathematics

1 answer:

DedPeter [7] · Answer 1 · 2022-11-14T07:37:03+03:00

DedPeter [7]2 years ago

5 0

Answer:

Harrison earns: $208.14

Sherrie earns: $216.57

Step-by-step explanation:

Sherrie earns more money than Harrison in 2 years.