Question:

Jackson invested $590 in an account paying an interest rate

Last updated: 8/11/2022

Jackson invested $590 in an account paying an interest rate

Jackson invested $590 in an account paying an interest rate of 61% compounded monthly. Ellie invested $590 in an account paying an interest rate of 61% compounded continuously. After 19 years, how much more money would Ellie have in her account than Jackson, to the nearest dollar?