An initial investment of $35000 grew into an amount of $50000, when compounded continuously at an annual interest rate of r % for 10 years. Find the value of the interest rate r. (Write your answer as a percentage rounded to two digits after decimal point.)
An initial investment of $35000 grew into an amount of $50000, when compounded continuously at an annual interest rate of r % for 10 years. Find the value of the interest rate r. (Write your answer as a percentage rounded to two digits after decimal point.)
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 23E
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