Algebra please help

Question

Patrick and Brooklyn are making decisions about their bank accounts. Patrick wants to deposit $300 as a principal amount, with an interest of 3% compounded quarterly. Brooklyn wants to deposit $300 as the principal amount, with an interest of 5% compounded monthly. Explain which method results in more money after 2 years.

Answer 1

Patrick

A(2) = 300(1 + 0.03 / 4)⁽⁴⁾⁽²⁾

Brooklyn

A(2) = 300(1 + 0.05 / 12)^(12)(2)

Do some calculations and answer.