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Hannah invested $96,000 in an account paying an interest rate of 6\tfrac{1}{2}6 2 1 ​ % compounded quarterly. Evelyn invested $96,000 in an account paying an interest rate of 6\tfrac{1}{4}6 4 1 ​ % compounded monthly. To the nearest hundredth of a year, how much longer would it take for Evelyn's money to double than for Hannah's money to double?

User Exploring
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21 votes
21 votes

Answer:

.37 years

Explanation:

I did this one in delta math

User Mohammad Sayeed
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