14-05-2024
Mathematics

Answered

Aubrey invested $2,500 in an account paying an interest rate of 3, one quarter341% compounded continuously. Olivia invested $2,500 in an account paying an interest rate of 3, start fraction, 7, divided by, 8, end fraction387% compounded daily. To the nearest hundredth of a year, how much longer would it take for Aubrey's money to double than for Olivia's money to double?

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