An initial deposit is made in a bank account. Find the interest rate, r, if the interest is compounded continuously and no withdrawals or further deposits are made. Round to the nearest hundredth of a percent. Initial Amount: $4, 500: Amount in 6 years: $7, 700 r = %
An initial deposit is made in a bank account. Find the interest rate, r, if the interest is compounded continuously and no withdrawals or further deposits are made. Round to the nearest hundredth of a percent. Initial Amount: $4, 500: Amount in 6 years: $7, 700 r = %
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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