5000 dollars is invested in a bank account at an interest rate of 10 per cent per year, compounded continuously. Meanwhile, 11000 dollars is invested in a bank account at an interest rate of 4 percent...


5000 dollars is invested in a bank account at an interest rate of 10 per cent per year, compounded continuously. Meanwhile,<br>11000 dollars is invested in a bank account at an interest rate of 4 percent compounded annually.<br>To the<br>nearest<br>year,<br>when will the two accounts have the same balance?<br>The two accounts will have the same balance after<br>years.<br>

Extracted text: 5000 dollars is invested in a bank account at an interest rate of 10 per cent per year, compounded continuously. Meanwhile, 11000 dollars is invested in a bank account at an interest rate of 4 percent compounded annually. To the nearest year, when will the two accounts have the same balance? The two accounts will have the same balance after years.

Jun 11, 2022
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