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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 $7,000

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

$7,000

at Bank B where the interest was compounded continuously. On March 1,

2013,

Marsha had a balance of

$14,593.63

while Jan had a balance of

$9,830.56.

What was the interest rate at each bank? (Round to the nearest tenth of a percent.)

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