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nadezda [96]
2 years ago
11

Jane and Sammie are making decisions about their bank accounts. Jane wants to deposit

Mathematics
1 answer:
prisoha [69]2 years ago
3 0

Answer:

<u><em>Sammie</em></u>

Step-by-step explanation:

<u><em>Jane</em></u>

First, convert R as a percent to r as a decimal

r = R/100

r = 5/100

r = 0.05 rate per year,

Then solve the equation for A

A = P(1 + r/n)nt

A = 550.00(1 + 0.05/4)(4)(10)

A = 550.00(1 + 0.0125)(40)

A = $903.99

<u><em>Sammie</em></u>

First, convert R as a percent to r as a decimal

r = R/100

r = 7/100

r = 0.07 rate per year,

Then solve the equation for A

A = P(1 + r/n)nt

A = 550.00(1 + 0.07/12)(12)(10)

A = 550.00(1 + 0.005833333)(120)

A = $1,105.31

<u><em>
</em></u>

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