Mathematics
Mathematics, 19.05.2021 15:50, kylucienne

Sofia invested $2,900 in an account paying an interest rate of 2\tfrac{1}{2}2 2 1 ​ % compounded daily. Charlotte invested $2,900 in an account paying an interest rate of 2\tfrac{7}{8}2 8 7 ​ % compounded quarterly. To the nearest hundredth of a year, how much longer would it take for Sofia's money to triple than for Charlotte's money to triple?

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