Question
Asked Nov 20, 2019
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Kimberly invested $4000 in her savings account for 7 years. When she withdraws it, she had $4633.43. The interest was compounded continuously. What was the interest rate on the account? Round the answer to the nearest tenth of a percent.

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Expert Answer

Step 1

From the given statement, Kimberly invested $4000 for 7 ye...

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Tagged in

Math

Calculus