Question

Nevaeh invested $1,200 in an account paying an interest rate of 2⅞ % compounded quarterly. Paisley invested $1,200 in an account paying an interest rate of 2⅝ % compounded continuously. To the nearest dollar, how much money would Nevaeh have in her account when Paisley's money has tripled in value?​

Answer 1

300 is the value of what she invested

Answer 2

`Nevaeh \ will \ have \ 1224.33 \ and \ Paisley \ will \ have \ 1275.`