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Matt invested $300 into an account that had an annual interest rate of 3.8%compounded monthly...

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Basic Math

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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 thathad an annual interest rate of 3.5% compounded continuously for 5 years.Determine which models could be used to determine how much moneywould be in each account after 5 years.O Matt: A = 300 (1 + 0.038) 6012Chris: A 350e(0.035.5)O Matt: A300e(0.038.5)Chris: A = 350(1+0.35)5Matt: A = 300 (1 + 5)Chris: A 350e (3.5-5)BMatt: A = 300 (1 + 0.035) 6012Chris: A350e(0.35-5)

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