Using the formula I=Prt for simple interest and A=P(1+r)ᵗ for compound interest, who will have the most money to spend on a new bike at the end of the four years?
a. Joann will have the most money, $576.80 for the bike
b. Cyndy will have the most money, $580.00 for the bike.
c. Cyndy will have $576.80, the most money for the bike.
d. Iliana will have $580.00, the most money for the bike.

Question

03-07-2024
Mathematics

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Using the formula I=Prt for simple interest and A=P(1+r)ᵗ for compound interest, who will have the most money to spend on a new bike at the end of the four years?
a. Joann will have the most money, $576.80 for the bike
b. Cyndy will have the most money, $580.00 for the bike.
c. Cyndy will have $576.80, the most money for the bike.
d. Iliana will have $580.00, the most money for the bike.

Sagot :

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