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

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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?

Answer by TheProdicalSon(34) About Me  (Show Source):
You can put this solution on YOUR website!
Well, I justed used guess and check to solve it, so I can't really give you any work.

But the answer is 39 years.


Comment on my page if this was useful.
sincerely,
TheProdicalSon