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. (10 points)

I know the answer but how do I explain it

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. (10 points)

I know the answer but how do I explain it

kash_thesmartguy · Answer

By solving that kind of an (example) problem. An example problem would be what? Tell me

anonymous · Answer

like if both put in 20 bucks and the interest was 5% for patrick but 3% for brooklyn then the one gaining it for a longer time would have more money? could i say that? @Kash_TheSmartGuy

kash_thesmartguy · Answer

Sure^^ good job. You're awesome!

anonymous · Answer

Thanks (: