SOLUTION: 5000 dollars is invested in a bank account at an interest rate of 10 per cent per year, compounded continuously. Meanwhile, 36000 dollars is invested in a bank account at an intere
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: 5000 dollars is invested in a bank account at an interest rate of 10 per cent per year, compounded continuously. Meanwhile, 36000 dollars is invested in a bank account at an intere
Log On
Question 246247: 5000 dollars is invested in a bank account at an interest rate of 10 per cent per year, compounded continuously. Meanwhile, 36000 dollars is invested in a bank account at an interest rate of 5 percent compounded annually.
To the nearest year, When will the two accounts have the same balance?