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.
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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