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5 votes
Alyssa invested $180 in an account paying an interest rate of 8 and 3/8 % compounded annually. Lily invested $180 in an account paying an interest rate of 8 and 1/8 % compounded continuously. To the nearest hundredth of a year, how much longer would it take for Alyssa's money to triple than for Lily's money to triple?

asked
User Clodagh
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1 Answer

4 votes

Answer:

Explanation:

Please check out the attachments for the solution :)

Alyssa invested $180 in an account paying an interest rate of 8 and 3/8 % compounded-example-1
Alyssa invested $180 in an account paying an interest rate of 8 and 3/8 % compounded-example-2
answered
User Krzysztof Miksa
by
7.9k points
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