Two savings banks are located across the street from each other. The West Bank put a sign
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Two savings banks are located across the street from each other. The West Bank put a sign in the window saying, "We pay 6.50%, compounded daily." The East Bank put up a sign saying, "We pay 6.50%, compounded continuously." Jean Silva has $10,000 which she will put in a bank for one year. How much additional interest will Jean receive by placing her money in the East Bank rather than the West Bank?
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