Avery invested $8,100 in an account paying an interest rate of 6 frac{1}{4}6 4 1 % compounded continuously. Khloe invested $8,100 in an account paying an interest rate of 5 frac{5}{8}5 8 5 % compounded monthly. To the nearest hundredth of a year, how much longer would it take for Khloe's money to double than for Avery's money to double?

Mathematics, 17.04.2020 22:55 camila9022

Avery invested $8,100 in an account paying an interest rate of 6\tfrac{1}{4}6 4 1 % compounded continuously. Khloe invested $8,100 in an account paying an interest rate of 5\tfrac{5}{8}5 8 5 % compounded monthly. To the nearest hundredth of a year, how much longer would it take for Khloe's money to double than for Avery's money to double?

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Avery invested $8,100 in an account paying an interest rate of 6\tfrac{1}{4}6 4 1 % compounded cont...

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