Mila invested $42,000 in an account paying an interest rate of 5 frac{1}{2}5 2 1 % compounded continuously. Anna invested $42,000 in an account paying an interest rate of 6 frac{1}{8}6 8 1 % compounded daily. To the nearest dollar, how much money would Mila have in her account when Anna's money has tripled in value?

(2,20) means that the 2 is 2 hours and 20 is 20$. so there both 20$ for 2 hours only the same price....

Mathematics, 07.06.2021 06:50 oliviaberta91

Mila invested $42,000 in an account paying an interest rate of 5\tfrac{1}{2}5 2 1 % compounded continuously. Anna invested $42,000 in an account paying an interest rate of 6\tfrac{1}{8}6 8 1 % compounded daily. To the nearest dollar, how much money would Mila have in her account when Anna's money has tripled in value?

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