Matt invested $300 into an account that had an annual

Last updated: 7/16/2022

Matt invested $300 into an account that had an annual interest rate of 3.8% compounded monthly for 5 years. Chris invested $350 into an account that had an annual interest rate of 3.5% compounded continuously for 5 years. Determine which models could be used to determine how much money would be in each account after 5 years. O Matt: A = 300 (1 + 0.038) 60 12 Chris: A 350e (0.035.5) O Matt: A 300e(0.038.5) Chris: A = 350(1+0.35)5 Matt: A = 300 (1 + 5) Chris: A 350e (3.5-5) B Matt: A = 300 (1 + 0.035) 60 12 Chris: A350e(0.35-5)