Audrey invested $9,800 in an account paying an interest rate of 2\tfrac{7}{8}2 8 7 % compounded annually. Naomi invested $9,80

Question

3 years ago

5

Audrey invested $9,800 in an account paying an interest rate of 2\tfrac{7}{8}2 8 7 % compounded annually. Naomi invested $9,80

0 in an account paying an interest rate of 3\tfrac{1}{4}3 4 1 % compounded continuously. To the nearest dollar, how much money would Audrey have in her account when Naomi's money has doubled in value?

Mathematics

1 answer:

scZoUnD [109] · Answer 1 · 2022-03-21T19:43:35+03:00

scZoUnD [109]3 years ago

5 0

Answer:17938

Step-by-step explanation:

Audrey invested $9,800 in an account paying an interest rate of 2\tfrac{7}{8}2 8 7 ​ % compounded annually. Naomi invested $9,80

Audrey invested $9,800 in an account paying an interest rate of 2\tfrac{7}{8}2 8 7 % compounded annually. Naomi invested $9,80