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Nevaeh invested $1,200 in an account paying an interest rate of 2ā…ž % compounded quarterly. Paisley invested $1,200 in an account paying an interest rate of 2ā… % compounded continuously. To the nearest dollar, how much money would Nevaeh have in her account when Paisley's money has tripled in value?ā€‹

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misseve20

Answer:

[tex]Nevaeh \ will \ have \ 1224.33 \ and \ Paisley \ will \ have \ 1275.[/tex]
300 is the value of what she invested

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