Elizabeth invested $7,800 in an account paying an interest rate of 7 frac{1}{8}7 8 1 % compounded monthly. Mason invested $7,800 in an account paying an interest rate of 7 frac{3}{8}7 8 3 % compounded continuously. To the nearest dollar, how much money would Elizabeth have in her account when Mason's money has doubled in value?

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Mathematics, 04.09.2021 03:40 andybiersack154

Elizabeth invested $7,800 in an account paying an interest rate of 7\tfrac{1}{8}7 8 1 % compounded monthly. Mason invested $7,800 in an account paying an interest rate of 7\tfrac{3}{8}7 8 3 % compounded continuously. To the nearest dollar, how much money would Elizabeth have in her account when Mason's money has doubled in value?

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Elizabeth invested $7,800 in an account paying an interest rate of 7\tfrac{1}{8}7 8 1 % compounded...