# If $4000 is deposited into an account paying 3% interest compounded annually and at the same time $2000 is deposited

## Question:

If $4000 is deposited into an account paying 3% interest compounded annually and at the same time $2000 is deposited into an account paying 5% interest compounded annually, after how long will the two accounts have the same balance? Round to the nearest year.

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## Step by Step Answer:

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**Question Details**

Chapter #

**4**Section: Exercise 4.4

Problem: 145

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