Question

Elijah invested $79,000 in an account paying an interest rate of 2% compounded

daily. Landon invested $79,000 in an account paying an interest rate of 3 %
compounded continuously. After 7 years, how much more money would Landon have
in his account than Elijah, to the nearest dollar?

Answer 1

Answer: He would have 16590 but if we want to know in total

it would be, 11060 (just from the percent) if you want to know in total add 16590 and 79,000 which would be (95,590 for Landon) and (Elijah would be 90060) in total

Step-by-step explanation:So in total Landon would have:

Landon-(95,590)

Elijah-(90,060)

So Landon would have 5,530 more dollars in 7 years than Elijah.