Samuel invested $7,800 in an account paying an interest rate of 5 1/2 % compounded continuously. Claire invested $7,800 in an account paying an interest rate of 5 5/8% compounded daily. To the nearest hundredth of a year, how much longer would it take for Samuel's money to double than for Claire's money to double?

0.28 yr  

Step-by-step explanation:

To find the doubling time with continuous compounding, we should look at the formula:

FV = future value, and

PV = present value

If FV is twice the PV, we can calculate the doubling time, t

1. Samuel's doubling time

2. Claire's doubling time

3. Samuel's doubling time vs Claire's

12.603 - 12.323 = 0.28 yr

It would take 0.28 yr longer for Samuel's money to double than Claire's.

what does muffins have to do with anything?

step-by-step explanation:

answer: 2x + 2 − 2 = 10 − 2; subtraction property of equality

step-by-step explanation: