SOLUTION: My question is how would you show the work for the interest formula a=p(1+r/n)^nt to compare saving accounts if you need to show more than one months work. As if you did say the mo
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: My question is how would you show the work for the interest formula a=p(1+r/n)^nt to compare saving accounts if you need to show more than one months work. As if you did say the mo
Log On
Question 668513: My question is how would you show the work for the interest formula a=p(1+r/n)^nt to compare saving accounts if you need to show more than one months work. As if you did say the month of October then the next month and so on? Answer by Alan3354(69443) (Show Source):
You can put this solution on YOUR website! My question is how would you show the work for the interest formula a=p(1+r/n)^nt to compare saving accounts if you need to show more than one months work. As if you did say the month of October then the next month and so on?
--------------
What are you comparing?
If you use the same formula, the account with the higher interest rate pays the most interest, regardless of the # of months.
