Question

You deposit $3000 into an account which earns 5.1% interest per year, compounded annually. your friend simultaneously deposits $2000 into an account which earns a yearly interest rate of 7.5% compounded continuously. after how many years will both accounts have the same amount of money?

Answer 1

k

Explanation:

k

Answer 2

for 3000 friend it is in 2 years