What rate of interest is required so that $4000 will yield $6000 after 3 years if the interest rate is compounded continuously?

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 94E
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What rate of interest is required so that $4000 will yield $6000 after 3 years if the interest rate is compounded continuously? 

The answer is 13.5% 

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