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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?

User Pengibot
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1 Answer

15 votes
15 votes

Answer:

Explanation:

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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
User Cyneo
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