4000 dollars is invested at an interest rate of 9 percent per year compounded continuously. Meanwhile 21000 is invested at an interest rate of 4 percent compounded annually. To the nearest year when will the two accounts have the same balance

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16-06-2024
Mathematics

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4000 dollars is invested at an interest rate of 9 percent per year compounded continuously. Meanwhile 21000 is invested at an interest rate of 4 percent compounded annually. To the nearest year when will the two accounts have the same balance

Sagot :

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4000 dollars is invested at an interest rate of 9 percent per year compounded continuously. Meanwhile 21000 is invested at an interest rate of 4 percent compounded annually. To the nearest year when will the two accounts have the same balance

Sagot :

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