Riley invested $5,100 in an account paying an interest rate of 7\tfrac{3}{4}7 4 3 % compounded quarterly. Ryan invested $5,100 in an account paying an interest rate of 7\tfrac{1}{4}7 4 1 % compounded daily. After 7 years, how much more money would Riley have in her account than Ryan, to the nearest dollar?

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07-04-2021
Mathematics

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Riley invested $5,100 in an account paying an interest rate of 7\tfrac{3}{4}7 4 3 % compounded quarterly. Ryan invested $5,100 in an account paying an interest rate of 7\tfrac{1}{4}7 4 1 % compounded daily. After 7 years, how much more money would Riley have in her account than Ryan, to the nearest dollar?

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