4000 dollars is invested in a bank account at an interest rate of 6 percent per year, compounded continuously.
Meanwhile, 37000 dollars is invested in a bank account at an interest rate of 4 percent compounded annually.
To the nearest year, When will the two accounts have the same balance?
The two accounts will have the same balance after years.
To the nearest year, When will the two accounts have the same balance?
The two accounts will have the same balance after years.
- Question Help:
- Video