157k views
5 votes
PLEASE I REALLY NEED HELPPP Giving 30 points to the correct answer!

Kadeesha invested $75,000 in an account paying an interest rate of 73/8% compounded continuously. Kiran invested $75,000 in an account paying an interest rate of 17/2% compounded monthly. To the nearest dollar, how much money would Kadeesha have in her account when Kiran's money has doubled in value?

User DotMorten
by
8.3k points

1 Answer

5 votes

Answer:

Kadeesha would have about $150,257 in her account if Kiran's money has doubled in value

Explanation:

User Joshsuihn
by
8.4k points