170k views
1 vote
Ian invested $20,000 in an account paying an interest rate of 3\tfrac{1}{4}3 4 1 ​ % compounded continuously. Lauren invested $20,000 in an account paying an interest rate of 3\tfrac{7}{8}3 8 7 ​ % compounded monthly. After 20 years, how much more money would Lauren have in her account than Ian, to the nearest dollar?

1 Answer

3 votes

Answer:

$5047

Explanation:

im smart

deltamath gang

User Max MacLeod
by
5.1k points