PLEASE ASAP HELP :(
Compare Accounts A and B. Then complete the sentences.

There are two rectangles. The first rectangle with heading Account A and content principal: $16,000; annual interest: 3%, compound quarterly number of years: 10 and the second rectangle with heading Account B and content principal: $16,000; annual interest: 3%, compound monthly number of years: 10.

Account

is worth the most after 10 years. It will have a value of $

.

Account B is worth the most after 10 years. It will have a value of $21591

Step-by-step explanation:

We would apply the formula for determining compound interest which is expressed as

A = P(1 + r/n)^nt

Where

A = total amount in the account at the end of t years

r represents the interest rate.

n represents the periodic interval at which it was compounded.

P represents the principal or initial amount deposited

Considering account A,

P = $16000

r = 3% = 3/100 = 0.03

n = 4 because it was compounded 3 times in a year and n = 12/3 = 4

t = 10 years

Therefore,

A = 16000(1 + 0.03/4)^4 × 10

A = 16000(1 + 0.0075)^40

A = 16000(1.0075)^40

A = $21574

Considering account B,

P = $16000

r = 3% = 3/100 = 0.03

n = 12 because it was compounded 12 times in a year.

t = 10 years

Therefore,

A = 16000(1 + 0.03/12)^12 × 10

A = 16000(1 + 0.0025)^120

A = 16000(1.0025)^120

A = $21591

Therefore,

Account B is worth the most after 10 years. It will have a value of $21591

.there can be infinite values of m and n that can satisfy the above equation. for each value of m of m or n. there maybe infinite sets of solution for the above

step-by-step explanation: