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?​

option a is correct.

step-by-step explanation:

scale factor: it is used to find proportional measurements.

proportions means having the same ratio.

scale factor is the ratio of the model measurement to the actual measurement in a simplest form.

or we can say that the ratio of any two corresponding lengths in two similar geometric figures

if the scale factor is more than 1, then it is an enlargement,

if the scale factor less than 1, then it is a reduction.

given the two geometric figure:

by definition of proportions, we have