Thornton Sandoval
08/29/2023 · Primary School
6000 dollars is invested in a bank account at an interest rate of 10 percent per year, compounded continuously. Meanwhile, 34000 dollars is invested in a bank account at an interest rate of 2 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
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The two accounts will have the same balance after approximately 22 years.
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