Home / Expert Answers / Other Math / arianna-invested-65-000-in-an-account-paying-an-interest-rate-of-4-1-4-compounded-daily-mohal-pa573

(Solved): Arianna invested $65,000 in an account paying an interest rate of 4(1)/(4)% compounded daily. Mohal ...



Arianna invested $65,000 in an account paying an interest rate of 4(1)/(4)% compounded daily. Mohal invested $65,000 in an account paying an interest rate of 4(5)/(8)% compounded continuously. After 10 years, how much more money would Mohal have in his account than Arianna, to the nearest dollar?


We have an Answer from Expert

View Expert Answer

Expert Answer


To solve this problem, we can use the formula for compound interest:A=P(1+rn)ntwhere:A = the amount of money after t yearsP = the principal amount (th
We have an Answer from Expert

Buy This Answer $5

Place Order

We Provide Services Across The Globe