Please help ASAP PLEASE Jane is trying to decide between two savings account plans. Plan A offers a
quarterly compounded interest rate of 0.15%, while Plan B offers 0.5% interest
compounded annually. Which is the better plan? By how much?

The answer is below

Step-by-step explanation:

The compound interest is given by the formula:

For the same amount of principal (P) for both plan A and B:

Plan A offers a  quarterly compounded interest rate of 0.15%. That is r = 0.15% = 0.0015, n = 4. Therefore:

Plan B offers  annual compounded interest rate of 0.5%. That is r = 0.5% = 0.005, n = 1. Therefore:

Plan B is the better plan, it is greater by a factor of 1.003

0.16 or 16%

step-by-step explanation:

lets take a coin for example.

if you toss it twice, it has a 1/4 chance of landing on heads both times because 1/2 * 1/2 is 1/4.

with the cards, the chance of picking dog is 0.4. having two people pick one is like picking a card twice in a row. so 0.4 * 0.4 is 0.16, or 16%

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step-by-step explanation:

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