5000 grows to $5438.10 in 2 years under continuous compounding. find the interest rate. round to the nearest tenth of a percent

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 69SGR
icon
Related questions
Question

$5000 grows to $5438.10 in 2 years under continuous compounding. find the interest rate. round to the nearest tenth of a percent.

 

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer