Lincoln invested $15,000 in an account paying an interest rate of 3\tfrac{1}{2}3 2 1 % compounded continuously. Harper investe

Question

3 years ago

15

Lincoln invested $15,000 in an account paying an interest rate of 3\tfrac{1}{2}3 2 1 % compounded continuously. Harper investe

d $15,000 in an account paying an interest rate of 4\tfrac{1}{8}4 8 1 % compounded daily. To the nearest dollar, how much money would Harper have in her account when Lincoln's money has tripled in value?

Mathematics

1 answer:

wolverine [178] · Answer 1 · 2022-04-18T12:00:41+03:00

wolverine [178]3 years ago

3 0

Answer:

54750

Step-by-step explanation:

Lincoln invested $15,000 in an account paying an interest rate of 3\tfrac{1}{2}3 2 1 ​ % compounded continuously. Harper investe

Lincoln invested $15,000 in an account paying an interest rate of 3\tfrac{1}{2}3 2 1 % compounded continuously. Harper investe