$109 deposited in an account is compounded continuously for 5 years. What is the annual nominal rate if the balance at the end of the period is $961? (Round your answer to 1 decimal place.) Number %
$109 deposited in an account is compounded continuously for 5 years. What is the annual nominal rate if the balance at the end of the period is $961? (Round your answer to 1 decimal place.) Number %
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section: Chapter Questions
Problem 49CR
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Transcribed Image Text:$109 deposited in an account is compounded continuously for 5 years. What is the annual nominal rate if the balance at the end of the period is $961?
(Round your answer to 1 decimal place.)
Number
%
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