Lincoln invested $440 in an account paying an interest rate of 5\tfrac{7}{8}5 8 7 % compounded continuously. Robert invested $

Question

3 years ago

15

Lincoln invested $440 in an account paying an interest rate of 5\tfrac{7}{8}5 8 7 % compounded continuously. Robert invested $

440 in an account paying an interest rate of 5\tfrac{1}{2}5 2 1 % compounded daily. After 11 years, how much more money would Lincoln have in his account than Robert, to the nearest dollar?

Mathematics

1 answer:

Sidana [21] · Answer 1 · 2022-05-27T12:16:31+03:00

Sidana [21]3 years ago

5 0

Answer: $34

Step-by-step explanation:

Lincoln invested $440 in an account paying an interest rate of 5\tfrac{7}{8}5 8 7 ​ % compounded continuously. Robert invested $

Lincoln invested $440 in an account paying an interest rate of 5\tfrac{7}{8}5 8 7 % compounded continuously. Robert invested $