Dnid dpoded S1,00ma avings acount at an annual interest rate of 3% compounded meethly. At the e ime, Jan deposited $1,400 im a savings account at an annual interest rate of 4% compounded y, Aler how many months will the balance in Jana's savings account first be greater than the balan rs account?

Advanced Engineering Mathematics
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ISBN:9780470458365
Author:Erwin Kreyszig
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Drnd époted 1,00 ima svings ccount at an annual nterest rate of 3% compounded meethly, At the
same hime, Jan deposted S1,400 ma savings account at an annual interest rate of 4% compounded
montly. Ater bow many months wil the balance in Jana's savings account first be greater than the balance
in David's sevings account?
O 8
O 12
O 60
O 84
Transcribed Image Text:Drnd époted 1,00 ima svings ccount at an annual nterest rate of 3% compounded meethly, At the same hime, Jan deposted S1,400 ma savings account at an annual interest rate of 4% compounded montly. Ater bow many months wil the balance in Jana's savings account first be greater than the balance in David's sevings account? O 8 O 12 O 60 O 84
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