Will invest the Prinicipal Income is .
Rate of interest
Time period is years .
Find the total amount compounded semiannually.
\.
For semiannually compounded .
Substitute all the values in the equation.
\ \ \
Therefore,the total amount after twenty years compounded semiannually with interest of is
.
Henry invest the Prinicipal Income is .
Rate of interest
Time period is years .
Find the total amount compounded continuously.
\.
Substitute all the values in the equation.
\ \ \
Therefore,the total amount after twenty years compounded continuously with interest of is
.
Hence,the total amount will has and the total amount henry has
.
Therefore,Will has more money than Henry after 20 years.
\The total amount Will has
The amount Henry has
Will has more money than Henry after 20 years.