Harrison and sherrie are making decisions about their bank accounts. harrison wants to deposit $300 as a principle amount, with an interest of 2% compounded monthly. sherrie wants to deposit $200 as the principle amount, with an interest of 4% compounded quarterly. explain which method results in more money after 2 years. show all work.

Harrison method results in more money after 2 years

Step-by-step explanation:

we know that

The compound interest formula is equal to

where  

A is the Final Investment Value  

P is the Principal amount of money to be invested  

r is the rate of interest  in decimal

t is Number of Time Periods  

n is the number of times interest is compounded per year

in this problem we have  

Harrison Method

 substitute in the formula

 Sherrie Method

substitute in the formula

 therefore

Harrison method results in more money after 2 years

8

step-by-step explanation:

to find the amount of gift bags to use all the supplies, find the gcf or greatest common factor. this is the largest number which multiplies evenly into each term.

48 has factors: 1, 2, 3, 4, 6, 8, 12. 16, 24, 48

80 has factors: 1, 2, 4, 5, 8, 10, 16, 20, 40, 80

64 has factors: 1, 2, 4, 8, 8, 16, 32, 64

the highest number factor they all share in common is 8. this means there will be 8 bags with 6 pencils, 10 markers, and 8 stickers in each bag.

the answer would be 484

step-by-step explanation:

just multiply 0.484 times 1,000 (formula)