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31-12-2022
Mathematics

Answered

Rashaad invested $94,000 in an account paying an interest rate of 3 7/8% compounded
annually. Arianna invested $94,000 in an account paying an interest rate of 4 3/8%
compounded monthly. To the nearest hundredth of a year, how much longer would it
take for Rashaad's money to triple than for Arianna's money to triple?

Answer :

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