Sophie invested $170 in an account paying an interest rate of 2% compounded continuously. Wyatt invested $17o in an account paying an interest rate of 3 % compounded monthly. After 9 years, how much more money would Wyatt have in his account than Sophie, to the nearest dollar?

Trigonometry (MindTap Course List)
10th Edition
ISBN:9781337278461
Author:Ron Larson
Publisher:Ron Larson
Chapter5: Exponential And Logarithmic Functions
Section5.5: Exponential And Logarithmic Models
Problem 12E
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Compounding- Compare HCCOUnts (Level I)
Mar 17, 10:32:55 AM
O Watch help video
Sophie invested $170 in an account paying an interest rate of 2 % compounded
continuously. Wyatt invested $17o in an account paying an interest rate of 3 %
compounded monthly. After 9 years, how much more money would Wyatt have in his
account than Sophie, to the nearest dollar?
Answer:
Submit Answer
attempt 1 out of 2
O Type here to search
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Transcribed Image Text:Compounding- Compare HCCOUnts (Level I) Mar 17, 10:32:55 AM O Watch help video Sophie invested $170 in an account paying an interest rate of 2 % compounded continuously. Wyatt invested $17o in an account paying an interest rate of 3 % compounded monthly. After 9 years, how much more money would Wyatt have in his account than Sophie, to the nearest dollar? Answer: Submit Answer attempt 1 out of 2 O Type here to search Rain ip 23 3 %24 8. R T 1O D F J K V 近
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