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Mathematics, 12.03.2022 09:10 nadia00738

Leah invested $400 in an account paying an interest rate of 1
1
2
1
2
1

% compounded annually. Lauren invested $400 in an account paying an interest rate of
0
7
8
0
8
7

% compounded monthly. To the nearest hundredth of a year, how much longer would it take for Lauren's money to triple than for Leah's money to triple?

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Answers: 3

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Leah invested $400 in an account paying an interest rate of 1
1
2
1
2
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