asked 84.3k views
12 votes
Melanie invested $63,000 in an account paying an interest rate of 7\tfrac{1}{8}7

8
1

% compounded quarterly. Lillian invested $63,000 in an account paying an interest rate of 7\tfrac{3}{8}7
8
3

% compounded continuously. After 15 years, how much more money would Lillian have in her account than Melanie, to the nearest dollar?

1 Answer

11 votes
Go study at your house don’t come again
answered
User Charlie Clark
by
8.4k points
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