Mackenzie invested $200 in an account paying an interest rate of 2, one quarter2
4
1
​
% compounded continuously. Kadeesha invested $200 in an account paying an interest rate of 1, start fraction, 7, divided by, 8, end fraction1
8
7
​
% compounded monthly. After 6 years, how much more money would Mackenzie have in her account than Kadeesha, to the nearest dollar?
Answer