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Mathematics, 10.09.2021 03:30 georgeonnatreev2275

Matt invested $300 into an account that had an annual interest rate of 3.8% compounded monthly for 5 years. Chris invested $350 into an account that had an annual interest rate of 3.5% compounded continuously for 5 years. Determine which models could be used to determine how much money would be in each account after 5 years. Group of answer choices

Matt: A=300(1+3.812)5

Chris: A=350e(3.5βˆ—5)

Matt: A=300(1+3.812)5

Chris: A=350e(3.5βˆ—5)

Matt: A=300e(0.038β‹…5)A=300e(0.038β‹…5)

Chris: A=350(1+0.35)5A=350(1+0.35)5

Matt: A=300(1+0.03812)60

Chris: A=350e(0.35βˆ—5)

Matt: A=300(1+0.03812)60

Chris: A=350e(0.35βˆ—5)

Matt: A=300(1+0.03812)60

Chris: A=350e(0.035βˆ—5)

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