Juan invested $7,700 in an account paying an interest rate of 5 1/8 % compounded continuously. Hudson invested $7,700 in an acco
unt paying an interest rate of 5 1/4 % compounded monthly. To the nearest hundredth of a year, how much longer would it take for Juan's money to double than for Hudson's money to double?
is found by first, siplifying the radicals in the parenthesis. can be simplified as and stays the same. Now we have to multiply these two by which then results in