karayesdiallo karayesdiallo
  • 04-03-2021
  • Mathematics
contestada

Makayla invested $99,000 in an account paying an interest rate of 2 % compounded
continuously. Mia invested $99,000 in an account paying an interest rate of 2%
compounded quarterly. To the nearest hundredth of a year, how much longer would
it take for Makayla's money to double than for Mia's money to double?

Respuesta :

ivedvi
ivedvi ivedvi
  • 04-03-2021
50 years if the interest is 2% :)
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