2.1k views
2 votes
Aubree invested $1,000 in an account paying an interest rate of 6\tfrac{1}{4}6 4 1 ​ % compounded daily. Mia invested $1,000 in an account paying an interest rate of 6\tfrac{3}{8}6 8 3 ​ % compounded quarterly. After 11 years, how much more money would Mia have in her account than Aubree, to the nearest dollar?

User Jan Willem
by
4.9k points

2 Answers

6 votes

Answer:

$17 (if using delta DONT put $)

Explanation:

2005.1534-1988.6204

16.533

$17

User Will Bellman
by
5.1k points
8 votes

Answer: $17

Explanation:

User Josnidhin
by
4.7k points