Matthew invested $4,700 in an account paying an interest rate of 3 3/8% compounded monthly. Peyton invested $4,700 in an account paying an interest rate of 3 1/4%
compounded continuously. After 14 years, how much more money would Matthew
have in his account than Peyton, to the nearest dollar?

if you use photomath right away it will give you the answer not like this app that you have to wait for people.

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for

step-by-step explanation:

we can analyze the pattern at which the terms increase. let us denote , , , so that we can call

note the following:

the pattern: to get the next term value, we just add the next term number (e.g. 1st, 2nd, to the previous term value (term values are the given numbers in the question, 1, 3, 6, 10, 15,

from , to get to , we add

from , to get to , we add

etc.

we need to form a recursive formula, a formula that has the next term as a function of the previous term. so a possible recursive formula can be

, and for

step-by-step explanation: s