What interest rate (compounded continuously) is earned by an investment that triples in 6 years? A rate of % is earned by an investment that triples in 6 years. (Do not round until the final answer. Then round to the nearest tenth as needed.)

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
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What interest rate (compounded continuously) is earned by an investment that triples in 6 years?
A rate of % is earned by an investment that triples in 6 years.
(Do not round until the final answer. Then round to the nearest tenth as needed.)
Transcribed Image Text:What interest rate (compounded continuously) is earned by an investment that triples in 6 years? A rate of % is earned by an investment that triples in 6 years. (Do not round until the final answer. Then round to the nearest tenth as needed.)
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