Harrison and sherrie are making decisions about their bank accounts. harrison wants to deposit $300 as a principle amount, with an interest of 2% compounded monthly. sherrie wants to deposit $200 as the principle amount, with an interest of 4% compounded quarterly. explain which method results in more money after 2 years. show all work.

Harrison method results in more money after 2 years

Step-by-step explanation:

we know that

The compound interest formula is equal to

where  

A is the Final Investment Value  

P is the Principal amount of money to be invested  

r is the rate of interest  in decimal

t is Number of Time Periods  

n is the number of times interest is compounded per year

in this problem we have  

Harrison Method

 substitute in the formula

 Sherrie Method

substitute in the formula

 therefore

Harrison method results in more money after 2 years

5104.38 inches

step-by-step explanation:

the camry sales+accord sale=828,000. to make it so the two numbers are 18 thousand apart and still equal 828,000, you first need to find out what half of 828,000 is. 828,000/2=414,000. for the two numbers to equal 828,000, you have to add the same amount as you subtract from the middle. in this case, the number is 9,000 because it's half of 18,000. to equal 828,000, you have to add 9,000 to 414,000 for the camry and subtract 9,000 from 414,000 for the accord. 414,000+9,000=423,000.

414,000-9,000=405,000.

423,000+405,000=828,000.

423,000-405,000=18,

hope it