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

Question

mathstudent55 · Answer

You mean "principal", not "principle."
Do you know the formula for future value of money earning interest that compounds periodically?

anonymous · Answer

i got it already , but thank you.. can you help with another one??

mathstudent55 · Answer

Yes, I can try.

anonymous · Answer

Wendy is looking over some data regarding the strength, measured in Pascals (Pa), of some rope and how the strength relates to the number of woven strands in the rope. The data are represented by the exponential function f(x) = 2x, where x is the number of woven strands. Explain how she can convert this equation to a logarithmic function when strength is 256 Pascals.