140k views
3 votes
Lincoln invested $15,000 in an account paying an interest rate of 3\tfrac{1}{2}3 2 1 ​ % compounded continuously. Harper invested $15,000 in an account paying an interest rate of 4\tfrac{1}{8}4 8 1 ​ % compounded daily. To the nearest dollar, how much money would Harper have in her account when Lincoln's money has tripled in value?

User Henhen
by
5.1k points

1 Answer

4 votes

Answer:

54750

Explanation:

User Gertjan
by
4.6k points