A principal of Php 12000 is deposited in a 7% account and compounded continuously. At the same time a principal of Php 15000 is deposited in a 5% account and compounded annually. How long does it take for the amounts in the two accounts to be equal?
A principal of Php 12000 is deposited in a 7% account and compounded continuously. At the same time a principal of Php 15000 is deposited in a 5% account and compounded annually. How long does it take for the amounts in the two accounts to be equal?
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 6RE: Hsu-Mei wants to save 5,000 for a down paymenton a car. To the nearest dollar, how much will sheneed...
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A principal of Php 12000 is deposited in a 7% account and compounded continuously. At the same time a principal of Php 15000 is deposited in a 5% account and compounded annually. How long does it take for the amounts in the two accounts to be equal?
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