Mathematics, 08.04.2021 20:50 marmee

Daniel invested $4,800 in an account paying an interest rate of 4% compounded continuously. Jocelyn invested $4,800 in an account paying an interest rate of 4 %
compounded quarterly. To the nearest dollar, how much money would Daniel have
in his account when Jocelyn's money has tripled in value?

Answers: 3

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Daniel invested $4,800 in an account paying an interest rate of 4% compounded continuously. Jocelyn invested $4,800 in an account paying an interest rate of 4 % compounded quarterly. To the nearest dollar, how much money would Daniel have in his account when Jocelyn's money has tripled in value?

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Another question on Mathematics

Daniel invested $4,800 in an account paying an interest rate of 4% compounded continuously. Jocelyn invested $4,800 in an account paying an interest rate of 4 %
compounded quarterly. To the nearest dollar, how much money would Daniel have
in his account when Jocelyn's money has tripled in value?