Question

Use the following compound interest formula to complete the problem.

Answer 1

Card P's balance increased by $3.43 more than Card Q's balance. The accumulated total on Card P over the 4 years is $1080.70 and the accumulated total of Card Q is $1,206.28. Based on the principal outlay however, Card P would have netted a higher interest over Card Q when the principal is subtracted from the accumulated value. (For eg. Card P accumulated value $1080.70 less Principal $726.19 equals $354.51).The interests over the 4 years period would be $354.51 and $351.08 respectively, hence Card P having an increase in balance of $3.43 over Card Q.

Answer 2

Answer:

Your answer is C. i rather give the letter its easier.

Step-by-step explanation:

took test