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Mathematics 9 Online
vaporeon246:

Please Help Linda wants to invest $20,000. She is looking at two possible accounts. Account A is a standard savings account that pays 3.4% annual interest compounded continuously. Account B would pay her a fixed amount of $200 every quarter

vaporeon246:

a) If Linda can invest the money for 5 years only, which account would give her the higher return on her investment? How much more money would she make by choosing the higher paying account?

vaporeon246:

The formula is A= P\[e^{rt}\]

vaporeon246:

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