You invest $5000 in an account earning 5% annual interest. At the same time, you invest $ in a different account earning % annual interest. In both accounts, the interest is compounded continuously. When do the accounts each hold the same amount? Round your answer to the nearest year.

Question

You invest $5000 in an account earning 5% annual interest. At the same time, you invest $  in a different account earning  % annual interest. In both accounts, the interest is compounded continuously. When do the accounts each hold the same amount? Round your answer to the nearest year.

Quizplus · Accepted Answer

The Answer of You invest $5000 in an account earning 5% annual interest. At the same time, you invest $  in a different account earning  % annual interest. In both accounts, the interest is compounded continuously. When do the accounts each hold the same amount? Round your answer to the nearest year.

You Invest $5000 in an Account Earning 5% Annual Interest