Emma invested $540 in an account paying an interest rate of 7\tfrac{3}{4}7 4 3 % compounded monthly. Cameron invested $540 in

Question

1 year ago

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Emma invested $540 in an account paying an interest rate of 7\tfrac{3}{4}7 4 3 % compounded monthly. Cameron invested $540 in

an account paying an interest rate of 7\tfrac{3}{8}7 8 3 % compounded continuously. To the nearest dollar, how much money would Emma have in her account when Cameron's money has tripled in value?

Mathematics

1 answer:

Vsevolod [243] · Answer 1 · 2023-11-06T12:31:55+03:00

Answer:

1300

Step-by-step explanation:

Emma invested $540 in an account paying an interest rate of 7\tfrac{3}{4}7 4 3 % compounded monthly. Cameron invested $540 in an account paying an interest rate of 7\tfrac{3}{8}7 8 3 % compounded continuously. To the nearest dollar, how much money would Emma have in her account when Cameron's money has tripled in value?

Emma invested $540 in an account paying an interest rate of 7\tfrac{3}{4}7 4 3 ​ % compounded monthly. Cameron invested $540 in

Emma invested $540 in an account paying an interest rate of 7\tfrac{3}{4}7 4 3 % compounded monthly. Cameron invested $540 in