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Mathematics, 22.04.2021 01:00 isabel81ie
Leah invested $400 in an account paying an interest rate of 1\tfrac{1}{2}1
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% compounded annually. Lauren invested $400 in an account paying an interest rate of 0\tfrac{7}{8}0
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% compounded monthly. To the nearest hundredth of a year, how much longer would it take for Lauren's money to triple than for Leah's money to triple?
Answers: 1
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Leah invested $400 in an account paying an interest rate of 1\tfrac{1}{2}1
2
1
1
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