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Mathematics, 15.05.2021 01:00 andy6128

Hailey invested $940 in an account paying an interest rate of 8\tfrac{1}{4}8 4
1

% compounded quarterly. Justin invested $940 in an account paying an interest rate of 7\tfrac{5}{8}7
8
5

% compounded monthly. To the nearest dollar, how much money would Hailey have in her account when Justin's money has tripled in value?

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Hailey invested $940 in an account paying an interest rate of 8\tfrac{1}{4}8 4
1

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