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Mathematics, 12.03.2022 09:10 nadia00738
Leah invested $400 in an account paying an interest rate of
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% compounded annually. Lauren invested $400 in an account paying an interest rate of
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% compounded monthly. To the nearest hundredth of a year, how much longer would it take for Lauren's money to triple than for Leah's money to triple?
Answers: 3
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Leah invested $400 in an account paying an interest rate of
1
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2
1
2
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