Marsha and Jan both invested money on March 1, 2007. Marsha invested $10,000 at Bank...
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Algebra
Marsha and Jan both invested money on March 1, 2007. Marsha invested $10,000 at Bank A where the interest was compounded quarterly. Jan invested$9,000 at Bank B where the interest was compounded continuously. On March 1, 2013, Marsha had a balance of $14,077.60 while Jan had a balance of$12,416.88. What was the interest rate at each bank? (Round to the nearest tenth of a percent.)At Bank A, the interest rate is about 5.7%.(Round to one decimal place as needed.)At Bank B, the interest rate is about %.(Round to one decimal place as needed.)***
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