108k views
2 votes
Avery invested $8,100 in an account paying an interest rate of 6 1 4 6 4 1 % compounded continuously. Khloe invested $8,100 in an account paying an interest rate of 5 5 8 5 8 5 % compounded monthly. To the nearest hundredth of a year, how much longer would it take for Khloe's money to double than for Avery's money to double

User Enterx
by
5.4k points

1 Answer

4 votes

Answer:

1.26 years

Explanation:

User Tomas Turan
by
5.3k points