136k views
25 votes
Aiden invested $43,000 in an account paying an interest rate of 9 3/4% compounded continuously. Levi invested $43,000 in an account paying an interest rate of 9 5/8% compounded monthly. After 13 years, how much more money would Aiden have in his account than Levi, to the nearest dollar?

User Servy
by
4.6k points

2 Answers

3 votes

Answer:

3210

Explanation:

Aiden invested $43,000 in an account paying an interest rate of 9 3/4% compounded-example-1
User Miedwar
by
4.1k points
10 votes

Answer:

$3210

Explanation:

User BTC
by
4.5k points