Avery invested $200 in an account paying an interest rate of 6 7/8% compounded continuously. Jeremiah invested $200 in an account paying an
interest rate of 6 5/8% compounded quarterly. To the nearest hundredth of a
year, how much longer would it take for Jeremiah's money to triple than for
Avery's money to triple?

0.73 yrs

Step-by-step explanation:

if t is time in years

quarterly

600 = 200(1 + 0.06625/4)^4t

3 = (1 + 0.06625/4)^4t

ln3 = 4tln(1. + 06625/4)

t = ln3 / (4ln1.0165625)

t = 16.7198 yrs

continuously

600 = 200e^(0.06875t)

3 = e^(0.06875t)

ln3 = 0.06875t

t = ln3 / 0.06875

t = 15.9798 years

Δt = 16.7198 - 15.9798 = 0.73 yrs

15

Step-by-step explanation:

h df tyjgtyj ttd y ytkgfty ty

step-by-step explanation:

tyty jry j y yj yttj yhgtyj y ghyj ytthj

the answer is:

the answer is:

to solve the problem, we need to remember the quotient of power property, it's defined by the following relation:

if we have a quotienf of powers that have the same base, we need to keep the same base and subtract the exponent of the denominator power to the exponent of the numerator power.

so, we are given the expression:

then, calculating we have:

hence, the answer is:

have a nice day!