asked 211k views
20 votes
Juan invested $7,700 in an account paying an interest rate of 5 1/8 % compounded continuously. Hudson invested $7,700 in an account paying an interest rate of 5 1/4 % compounded monthly. To the nearest hundredth of a year, how much longer would it take for Juan's money to double than for Hudson's money to double?

asked
User Shalo
by
8.5k points

1 Answer

14 votes

Answer:0.29

Explanation:

answered
User Michal Karbownik
by
8.2k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.