Final answer:
The nominal interest rate per year (r) for a savings account with a 6.5% interest rate, compounded continuously, is 6.5%.
Step-by-step explanation:
The question relates to the concept of interest rates and compounded interest, specifically about a savings account with an interest rate of 6.5%, compounded continuously.
The term 'nominal interest rate' typically refers to the stated interest rate of a financial product, not taking into account the compounding of interest within a year.
Since the question specifies a 6.5% interest rate compounded continuously, this rate is both the nominal and effective interest rate, because continuous compounding means the interest is compounded an infinite number of times per year. Therefore, the nominal interest rate per year (r) would be 6.5%.
The nominal interest rate per year (r) for a savings account with a 6.5% interest rate, compounded continuously, is 6.5%.