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Lincoln invested $24,000 in an account paying an interest rate of 3% compounded continuously. Brianna invested $24,000 in an account paying an interest rate of 3% compounded daily. After 7 years, how much
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14 votes
14 votes
Lincoln invested $24,000 in an account paying an interest rate of 3% compounded

continuously. Brianna invested $24,000 in an account paying an interest rate of 3%
compounded daily. After 7 years, how much more money would Lincoln have in his
account than Brianna, to the nearest dollar?

User Alain Pannetier
by
3.0k points

2 Answers

13 votes
13 votes

Answer:

$542 (if using delta math do NOT put $)

Explanation:

31204.2352-30662.5514

541.6838(round)

ANSWER: 542

User Swooby
by
3.1k points
5 votes
5 votes

Answer:

$542

Explanation:

User Kannan Lg
by
3.8k points
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