Question

Patrick and Brooklyn are making decisions on their bank accounts. Patrick wants to put money in an account that has a higher interest rate but only gains interest for a short period of time. Brooklyn wants to put the money in an account with a lower interest rate, but it gains interest for a longer period of time. Explain which method will result in more money.

Answer 1

the secound one would think about it, if you had 5 dolllars a weeks for three weeks and 3 for eight week. But realistically there is not enough Information there because it depends on amounts because the first one would be right if the scenario was 5 dollars for 3 weeks to .50 cents for twenty weeks. So i would answer that there is not enough information given

Answer 2

okay thank you that was why i was confused about this question

Answer 3

yeah, it is pretty confusing