Penelope invested $840 in an account paying an interest rate of 1 3/8 % ​compounded continuously. Ella invested $840 in an account paying an interest rate of 1 1/4 % compounded daily. To the nearest hundredth of a year, how much longer would it take for Ella's money to double than for Penelope's money to double?

This law is sometimes called the grouping property. as you can see, regardless of how the numbers are grouped, the answer is still 13. the associative law of multiplication is similar to the same law for addition. it says that no matter how you group numbers you are multiplying together, you will get the same answer.

1.4 x 10^5 have a nice day!