6. A deposit of $1000 is made to an account that accrues interest compounded continuously. After 14 years, the account has a balance of $2857.65. If there are no additional deposits or withdrawals, find the interest rate.
6. A deposit of $1000 is made to an account that accrues interest compounded continuously. After 14 years, the account has a balance of $2857.65. If there are no additional deposits or withdrawals, find the interest rate.
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section: Chapter Questions
Problem 48CR
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![6. A deposit of $1000 is made to an account that accrues interest compounded continuously. After 14
years, the account has a balance of $2857.65. If there are no additional deposits or withdrawals, find
the interest rate.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2f31e426-7341-4d61-aa10-3be70c1cf5b4%2F2455cad9-a129-46fc-b1db-4986122be4eb%2Fk3q2vf4_processed.jpeg&w=3840&q=75)
Transcribed Image Text:6. A deposit of $1000 is made to an account that accrues interest compounded continuously. After 14
years, the account has a balance of $2857.65. If there are no additional deposits or withdrawals, find
the interest rate.
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