Question

Mila invested $9,300 in an account paying an interest rate of 4\tfrac{7}{8}4

8
7
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% compounded monthly. Carter invested $9,300 in an account paying an interest rate of 4\tfrac{3}{4}4
4
3
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% compounded continuously. After 7 years, how much more money would Mila have in her account than Carter, to the nearest dollar?

Answer 1

Answer: 105 (rounded to the nearest dollar)

Explanation:

It’s correct on delta match