Question:

Hannah invested $32,000 in an account paying an interest

Last updated: 8/11/2022

Hannah invested $32,000 in an account paying an interest

Hannah invested $32,000 in an account paying an interest rate of 2 ¼ % compounded quarterly. Mila invested $32,000 in an account paying an interest rate of 1⅝% compounded continuously. After 13 years, how much more money would Hannah have in her account than Mila, to the nearest dollar?