Answer:
Isabella earn [tex]5604.54[/tex] more money than Gabriel
Step-by-step explanation:
As we know
Compound interest (CI) [tex]= P (1 + \frac{r}{n})^{nt}[/tex]
P is the principal amount
t is the time period
n is the number of time periods
r is the rate of interest
a) CI for Gabriel
[tex]= 77000 (1 + \frac{3}{100*12})^{12*6}[/tex] [tex]= 92165.03[/tex] dollars
b) CI for Isabella
[tex]= 77000 (1 + \frac{4}{100*4})^{4*6}[/tex] [tex]= 97769.57[/tex] dollars
Isabella earn [tex]5604.54[/tex] more money than Gabriel
