Interest Rate Suppose that $30,000 is invested atcontinuous rate r and grows to $121,656 in 28 years.Find the interest rate r.

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 25E
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Interest Rate Suppose that $30,000 is invested at
continuous rate r and grows to $121,656 in 28 years.
Find the interest rate r.

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