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Anastasy [175]
2 years ago
9

Samuel invested $9,200 in an account paying an interest rate of 7\tfrac{1}{8}7 8 1 ​ % compounded monthly. Noah invested $9,200

in an account paying an interest rate of 7\tfrac{3}{4}7 4 3 ​ % compounded daily. After 7 years, how much more money would Noah have in his account than Samuel, to the nearest dollar?
Mathematics
1 answer:
zzz [600]2 years ago
7 0

Answer:

$699

Step-by-step explanation:

15825.8693-15126.9611

698.9082 (round to nearest dollar)

Answer: $699

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