Patrick and brooklyn are making decisions about their bank accounts. patrick wants to deposit $300 as a principle amount, with an interest of 3% compounded quarterly. brooklyn wants to deposit $300 as the principle amount, with an interest of 5% compounded monthly. explain which method results in more money after 2 years. show all work.

The correct answer is:

Brookyln's method results in more money after 2 years.

Explanation:

The formula for compound interest is:

,

where A is the total amount, p is the principal invested, r is the interest rate as a decimal number, n is the number of times the interest is compounded per year, and t is the number of years.

For Patrick's method, p = $300; r = 3% = 3/100 = 0.03; n = 4; and t = 2:

For Brooklyn's method, p = $300; r = 5% = 5/100 = 0.05; n = 12; and t = 2:

Brooklyn's method makes more money in 2 years.

h df tyjgtyj ttd y ytkgfty ty

step-by-step explanation:

tyty jry j y yj yttj yhgtyj y ghyj ytthj

solution:

→c= a b , that is product of a and b is possible only when when a is m × n matrix and b is n × p matrix.

that is, number of columns of a= number of rows of b.

so, size of matrix , c= a b is , if a = (m × n)matrix

b= (n × p)matrix

then a b = [ (m × n)matrix] ×[   (n × p)matrix ]

→→c= a b= [m × p ] matrix

→→size of product a b will be equal to = number of rows of a × number of columns of b