codycollier

03.05.2021 • 

Mathematics

Katherine invested $63,000 in an account paying an interest rate of 9 % compounded monthly. Brianna invested $63,000 in an account paying an
interest rate of 9 % compounded continuously. To the nearest dollar, how
much money would Brianna have in her account when Katherine's money has
doubled in value?

Ответ:

juan1216av

31.08.2021

Mathematics

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Step-by-step explanation:

I=prt/100

p=1200

r=37/3%=12.33%

t=90/365=0.2466year

I=1200*12.33*0.2466/100

I=$36.49

Amount paid=interest+principal

Amount paid=36.49+1200

Amount paid=$1236.49

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