Lincoln invested $440 in an account paying an interest rate of 5% compounded continuously. Robert invested $440 in an account paying an interest rate of 5% compounded daily. After 11 years, how much more money would Lincoln have in his account than Robert, to the nearest dollar? Answer: Submit Answer

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Lincoln invested $440 in an account paying an interest rate of 5%
compounded continuously. Robert invested $440 in an account paying an
interest rate of 55% compounded daily. After 11 years, how much more
money would Lincoln have in his account than Robert, to the nearest dollar?
Answer:
Submit Answer
attempt 1 out of 2
Transcribed Image Text:Lincoln invested $440 in an account paying an interest rate of 5% compounded continuously. Robert invested $440 in an account paying an interest rate of 55% compounded daily. After 11 years, how much more money would Lincoln have in his account than Robert, to the nearest dollar? Answer: Submit Answer attempt 1 out of 2
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