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Mathematics, 20.04.2020 22:23 yasarhan2

8. Teja and Leanne are doing their math homework together. A problem requires them to calculate
the amount of money a person will have if they invest $2300 in an account that compounds
interest quarterly at 4.25% for 6 years. Written below is how each person set up the equation.
Who set up the equation correctly and what is the correct answer? Explain what the other student
did wrong when setting up their equation. *
(5 Points)
Teja 2300(1 + -0425 ) 24
Leanne 2300(1 + 0425 ) 24

Open ended question
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Answers: 2

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8. Teja and Leanne are doing their math homework together. A problem requires them to calculate
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