Nevaeh invested $1,200 in an account paying an interest rate of 2⅞ % compounded quarterly. Paisley invested $1,200 in an account

Question

3 years ago

11

Nevaeh invested $1,200 in an account paying an interest rate of 2⅞ % compounded quarterly. Paisley invested $1,200 in an account

paying an interest rate of 2⅝ % compounded continuously. To the nearest dollar, how much money would Nevaeh have in her account when Paisley's money has tripled in value?

Mathematics

2 answers:

Andrew [12] · Answer 1 · 2022-08-02T17:36:09+03:00

Andrew [12]3 years ago

8 0

300 is the value of what she invested

viva [34] · Answer 2 · 2022-08-02T15:21:11+03:00

viva [34]3 years ago

5 0

Answer:

$Nevaeh \ will \ have \ 1224.33 \ and \ Paisley \ will \ have \ 1275.$