The accumulated amount of P8000 is P10000 after 2 years, calculate the interest rate if it is compounded continuously.

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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The accumulated amount of P8000 is P10000 after 2 years, calculate the interest rate if it is compounded continuously.

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