Abigail invested $130 in an account paying an interest rate of 4 5 8 4 8 5 % compounded continuously. Hunter invested $130 in

Question

3 years ago

8

Abigail invested $130 in an account paying an interest rate of 4 5 8 4 8 5 % compounded continuously. Hunter invested $130 in

an account paying an interest rate of 4 7 8 4 8 7 % compounded daily. To the nearest hundredth of a year, how much longer would it take for Abigail's money to triple than for Hunter's money to triple?

Mathematics

1 answer:

Sergio [31] · Answer 1 · 2022-07-06T16:47:54+03:00

Sergio [31]3 years ago

3 0

Answer: 1.22 years

Step-by-step explanation: see photos attached.

Abigail invested $130 in an account paying an interest rate of 4 5 8 4 8 5 ​ % compounded continuously. Hunter invested $130 in

Abigail invested $130 in an account paying an interest rate of 4 5 8 4 8 5 % compounded continuously. Hunter invested $130 in