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A. Yvonne invests K6000 at Barclays bank and K9000 at Standbic bank. Barclays compounds interest continuously at a nominal rate of 10%.

A. Yvonne invests K6000 at Barclays bank and K9000 at Standbic bank. Barclays compounds interest continuously at a nominal rate of 10%. Standbic compounds interest continuously at a nominal rate of 4%.
I. In how many years will the two investments be worth the same amount? Your answer must be exact. [8 Marks]
II. When both investments are worth the same amount, how much will each be worth? Round your answer to the nearest ngwee

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Answer #1
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source: Mind
answered by: Judith
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A. Yvonne invests K6000 at Barclays bank and K9000 at Standbic bank. Barclays compounds interest continuously at a nominal rate of 10%.
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