asked 140k views
1 vote
Josiah invested $7,800 in an account paying an interest rate of 8 7/8% compounded

continuously. Faith invested $7,800 in an account paying an interest rate of 8 3/4%
compounded quarterly. After 9 years, how much more money would Josiah have in
his account than Faith, to the nearest dollar?

asked
User Hlorand
by
7.4k points

2 Answers

5 votes

Answer:

$339

Explanation:

answered
User Biggy
by
8.2k points
5 votes

Answer:

$339

Explanation:

answered
User Samgakhyeong
by
7.2k points
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