a person deposited 1000 in a 2% account compounded continuously. in a second account, he deposited 500 in a 8% account compounded continuously. when will the total amount in both accpunt be equal? when will the total amount in the second accpunt be 50% more than the total amount in the second account

a person deposited 1000 in a 2% account compounded continuously. in a second account, he deposited 500 in a 8% account compounded continuously. when will the total amount in both accpunt be equal? when will the total amount in the second accpunt be 50% more than the total amount in the second account

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section: Chapter Questions

Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...

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